Over the course of this week, we have previously published notes detailing menu-price increases at 25 Chipotle Mexican Grill restaurants in California, 20 Starbucks locations in California, 25 Taco Bells in California, and 25 Wendy’s in California. Those notes are available at:
Over the course of this week, we have previously published notes detailing menu-price increases at 25 Chipotle Mexican Grill restaurants in California, 20 Starbucks locations in California, and 25 Taco Bells in California. Those notes are available at:
Over the last 24 hours or so, we have published notes detailing menu-price increases at 25 Chipotle Mexican Grill restaurants in California, as well as 20 Starbucks locations in California. Those notes are available at:
Yesterday, we published a note detailing Starbucks’ menu-price increases at 20 of its stores in California. That note is available at:
With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q1 to +0.1%. This is the one-year figure, lapping the -0.3% number from Q1 2020, the +17.2% figure from Q1 2021, the -3.1% number from Q1 2022, and the +4.2% result from Q1 2023. Comparing to Q1 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Quick-Service Pizza Index for Q1 2024 is at +18.0%. Our +0.1% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and March.
The meaningfully increased minimum wage for most of California’s quick-service/fast-casual employees goes into effect today, April 1, 2024. Despite the date, this change is no joke to thousands of restaurant owner/operators. The new minimum wage is $20.00 per hour. This is noticeably above the previous – and not industry-specific — minimum wage of $15.50 per hour, although multiple local municipalities had been above this $15.50 per hour level: