Burger King's parent company Restaurant Brands International said it will raise menu prices again this year as to offset higher costs.
Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich,, from discount menus and will raise menu prices again this year as to offset higher costs.
The record inflation levels and staffing disruptions due to the omicron variant dulled profits at McDonald's Corp and coffeehouse chain Starbucks Corp. The chain, which often caters to lower-income customers, removed the item from its two for $5 deal but could offer limited discounts on the burger in the future.
But U.S. comparable sales fell at Popeyes, in part because some locations have had to reduce operations by an average of one hour due to staffing shortages.
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Burger King pulls Whopper off discount menu; parent RBI to hike prices(Reuters) -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than 3% after it topped results estimates for the fourth quarter ended Dec. 31, led by soaring online sales and better-than-expected same-store sales growth at Burger King in the United States and Tim Hortons in Canada. The record inflation levels and staffing disruptions due to the omicron variant dulled profits at McDonald's Corp and coffeehouse chain Starbucks Corp.
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