Restaurant chains are raising prices because they are paying higher costs for shipping, labor, and commodities including chicken, coffee and cooking oils amid COVID-19 related disruptions.
FILE PHOTO - Signs advertising menu items are seen at fast food restaurants in New York CityBy Deborah Mary Sophia and Hilary Russ
The record inflation levels and staffing disruptions due to the omicron variant dulled profits at McDonald's Corp and coffeehouse chain Starbucks Corp. Burger King also said it would stop selling some less-popular menu items altogether, including sundaes, whipped toppings and chocolate milk.Toronto, Ontario-based Restaurant Brands reported total revenue of $1.55 billion, above estimates of $1.52 billion.
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