Shake Shack named as most overpriced fast-food chain
Andy Puzder, former CEO of CKE Restaurants, offers an industry look at how fast-food companies are trying to keep up with inflation and criticizes Biden’s tax policies.
According to a recent study that surveyed American consumers fast food prices, the burger chain emerged as having the most expensive menu.The study comes at a time when Americans say they have experienced inflation and price increases like never before.
A study by Preply said Shake Shack was named the chain’s most expensive restaurant, followed by Five Guys and Sugar Factory.
In March, Shake Shack raised prices by 3%.
Shake Shack is an American fast casual restaurant that serves a variety of burgers, hot dogs, fries, chicken nuggets, sandwiches, soft drinks, and more. (iStock / iStock)
FOX Business has reached out to Shake Shack and Five Guys for comment.
To make their decision, researchers analyzed the language of 57,245 reviews of more than 10,000 restaurants in 50 cities across the country.
To determine the ratings, the authors searched restaurant reviews in each city for keywords such as “expensive” or “fake” and analyzed how often they were used. by sponsors.
According to the survey, the cities with the most expensive restaurants are Oakland and San Jose, California, and Virginia Beach, Virginia.
“With three of the top five cities located in California, this highlights how California’s high restaurant prices coincide with the state’s rising cost of living,” the study said. that prioritize high-quality ingredients that cost more.”
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McDonald’s US president Joe Erlinger appeared on the “Today” show to discuss rising fast food prices. (Jakub Porzycki/NurPhoto via Getty Images | NBC Screenshot / Fox News)
“Unfortunately, some restaurants miss the mark. They create inflated menu prices that don’t match being reasonable for the quality and quantity of food on offer.”
New York City topped the list of municipalities with the least expensive restaurants.
The study is conducted in the same way as many restaurants and fast food chains increased prices. In May, McDonald’s US President Joe Erlinger defended the price increases, denying reports that the increases were significant.
Shake Shack’s new Avocado Bacon Burger and Avocado Bacon Chicken Both come with sliced ​​avocado and applewood bacon. (Shake Shack/Fox News)
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“We’ve seen viral social posts and poorly sourced reports that McDonald’s has raised prices significantly out of line with inflation,” he said and in the years following supply chain costs, wages and other inflationary pressures, the average cost is now $5.29. That’s an increase of 21% (not 100%).
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