Companies from Chipotle to Whirlpool say they are raising prices on consumers because of inflation
are dealing with inflation by passing higher costs onto their customers through price hikes.
"There's still that possibility that we could take additional pricing action to fully close the gap...Let's see how the menu price continues to be accepted by customers. So far, really, really good. Really seeing no resistance whatsoever," Chipotle Chief Financial Officer John Hartung said on the earnings call Tuesday.David Paul Morris | Bloomberg | Getty Images
"We are confident that sustained strong consumer demand and our previously announced cost-based pricing actions will offset the impact of global supply constraints and rising input costs," Blitzer said., the food processing company whose brands include names like Slim Jim and Reddi-wip, reported strong results from its price hikes during the company's fourth-quarter earnings call July 13.
According to Allison, Domino's corporate stores have slightly increased their delivery fee and menu prices, and franchisees have the ability to do the same in their own businesses.said it will use its pricing power to offset inflationary pressures.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Chipotle Stock Hits a Record as Customers Return to DiningChipotle shares hit a record high Wednesday as the burrito chain expressed confidence about growth, saying customers are returning to its dining rooms despite higher menu prices
Weiterlesen »
Your Cheerios box is shrinking: The different ways inflation affects consumersOne way companies are raising prices is by reducing the package sizes — without lowering the cost, what's known as 'shrinkflation.'Why it matters: Analysts expect the practice to impact more products as companies pass down their higher costs, a consequence of pandemic-driven supply and logistics constraints.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeDriving the news: Companies like Kimberly-Clark, Scotts Miracle-Gro, Procter & Gamble and G
Weiterlesen »
HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices riseNew for subscribers: HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices rise. Check out CNBCPro today.
Weiterlesen »
Chipotle’s lunchtime business is picking up, a sign that workers are heading back to the officeLunchtime at Chipotle Mexican Grill Inc. is picking up, according to Chief Financial Officer Jack Hartung, a sign that workers are heading back to their offices, and back to their midday meal routines.
Weiterlesen »
Companies Push Prices Higher, Fueling Inflation. Will They Keep Going?Faced with higher costs for materials, transportation and workers, U.S. companies are charging more for products from groceries to industrial goods. A test will come later this year when consumers will have to choose whether or not to absorb additional price increases.
Weiterlesen »
U.S. median existing home price rises 23 percent in 1 year, now at record $363KSales for homes under $150,000 fell in June compared to last year, but an increase in properties being sold at $250,000 and higher helped the median price jump to its new height.
Weiterlesen »