Krispy Kreme, Wendy's, and other chains shared news about rising prices in earnings calls.
Inflation is hitting every industry, even fast food.
Prices at limited service restaurants, meaning fast food and fast casual, rose 7.1% compared to last October, according to new data released by thePrices at full service restaurants rose 5.9%. Both were the highest increases since the BLS has recorded these numbers. The price increases on menus are rolling out across the country. Krispy Kreme shared that it rose prices in the "low single digits" in September, withPrices have to go up to cover higher costs, particularly for drivers in the case of Krispy Kreme, but customers are largely willing to pay up. CEO Mike Tattersfield said that customers are willing to pay up to 50% more for specialty doughnuts.
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