Introduction
If you’re a fan of this beloved burger chain, you may want to stock up on your favorite burgers before next month. The chain is raising its prices, so you’ll want to get your fill before the prices go up. In this article, we’ll discuss why the chain is raising its prices and what you can do to save money while still enjoying your favorite burgers. We’ll also provide some tips on how to eat healthier while still indulging in your favorite burgers. So, if you’re a fan of this beloved burger chain, read on to find out how you can still enjoy your favorite burgers without breaking the bank.
This Beloved Burger Chain Is Raising Its Prices Next Month — Eat This Not That
It’s a sad day for burger lovers everywhere. One of the most beloved burger chains in the country is raising its prices next month. The chain, which has been around for decades, is known for its delicious burgers, fries, and shakes. But now, customers will have to pay more for their favorite meals.
The chain is raising its prices by an average of 5%, with some items increasing by as much as 10%. This means that customers will have to pay more for their favorite burgers, fries, and shakes. The chain is also introducing a new menu item, a premium burger, which will cost more than the regular burgers.
The price increase is a result of rising costs for ingredients and labor. The chain is also facing increased competition from other fast-food restaurants, which are offering cheaper meals. The chain is hoping that the price increase will help them remain competitive.
If you’re a fan of this beloved burger chain, you may be wondering what to do. The good news is that there are plenty of other burger chains that offer delicious meals at lower prices. So, if you’re looking to save money, you may want to consider eating at one of these other restaurants instead.
For example, you could try a local burger joint that offers fresh, locally-sourced ingredients. Or, you could try a fast-food chain that offers value meals. There are also plenty of fast-casual restaurants that offer delicious meals at reasonable prices.
No matter where you choose to eat, you can still enjoy delicious burgers without breaking the bank. So, if you’re a fan of this beloved burger chain, don’t despair — there are plenty of other options out there.
In order to offset rising labor and supply costs, one beloved burger chain is about to get a whole lot pricier—signaling the company’s second price increase in the past five months.
In the company’s fourth-quarter earnings call on Thursday, Shake Shack CEO Randy Garutti said the cost of burgers, fries, and shakes will rise by 3.5% in March. Prices rose by that same percentage back in October, bringing the cost of your meal up by 7% since then.
“For us to be at [a] 7% [price increase] is indicative of the time we’re living in,” Garutti said on the call. “We believe these current price raises are necessary to protect margins.”
Related: 8 Worst Fast-Food Burgers to Stay Away From Right Now
Clearly, this is not the first time fast-food customers have seen the price of their meals increase. Just this week, Eat This, Not That! reported that the price of McDonald’s Big Mac has seen a 40% price increase in the past decade, and much of it is due to inflation.
Shake Shack isn’t alone in its price hikes. Chipotle, Burger King, Little Caesars, McDonald’s, and Starbucks have all raised their prices this year for items like burritos, burgers, pizzas, and even sodas.
Restaurants have been raising their pay rates to attract new staff as well; something that Shake Shack has done this past year. Amid huge staffing shortages, average hourly wages for non-supervisor workers rose by almost $2.50 over the course of 2021—equaling to $16.31 per hour on average, according to the Bureau for Labor Statistics.
In 2021, Shake Shack brought in a whopping $739.9 million in sales, according to its end of year fiscal report released on February 17. The chain also opened 13 new locations across the country at the end of the 2021 alone, including its first drive-thru locations in Minnesota and Missouri.
Garutti said that while a number of COVID-related challenges continue to affect Shake Shack’s operations, the chain is still seeing an increase in sales—up by 13% in February so far.
“As we look back on 2021, we remain incredibly grateful and proud of how our Shack family has continued to overcome the many challenges we’ve faced,” Garutti said in the report. “However, our sales were impacted by the sharp increase in Omicron cases in fiscal January, causing a decline in traffic, lost hours, and Shack closures. While a return to pre-COVID movement patterns remains uncertain, we are pleased to see improvement through fiscal February.”
For more on fast food, check out Chick-fil-A Is Bringing Back This Sandwich For the First Time Since 2019.
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