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The billionaire president of In-N-Out says she went “toe-to-toe” in high-stakes company meetings to keep costs low as California’s fast food industry sees menu prices soar amid inflation and the Golden State’s new minimum wage hike.

Lynsi Snyder, who took over the family-owned burger chain at just 27 in 2010, has guided her company through inflation and the increase in minimum wage, all while keeping menu prices low and profits up.

“I was sitting in VP meetings going toe-to-toe saying ‘we can’t raise the prices that much, we can’t,’” Snyder said Wednesday during an interview with TODAY. “I felt such an obligation to look out for our customer.”

Snyder, now 41, said the company wasn’t interested in following their competition’s decisions to increase the prices for a quick buck.

“When everyone else was taking these jumps we weren’t,” she added.

A new California minimum wage law, which went into effect April 1st, saw several fast food restaurants hiking up their menu prices to counteract the new wages.

The bill, signed by Gov. Gavin Newsom last fall, requires fast-food chains in the state with over 60 locations nationwide to pay workers at least $20 an hour, more than the $16 minimum wage in all other industries in the state.

At a Los Angeles Burger King, a Double Texas Whopper saw a nearly 12% increase from $15.09 to $16.89 in a few days.

The same store’s Big Fish had a 53%, or $4 jump from $7.49 to $11.49, The Post reported.

As In-N-Out’s nearby competitors drastically raised their prices, one of Snyder’s LA restaurants only increased its burger prices by 25 cents and drink prices had a bump that only cost an extra nickel.

Its such a nominal increase, customer Shawn Fields told The Post earlier this month.

It seems like a reasonable amount.

Snyder said she also didn’t follow other chains when they leaped into the digital fast food age, another decision she says was made with patrons in mind.

“No to mobile ordering because that greatly impacts the customer service experience.

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“There’s a lot of things that could be cheaper, easier, but that’s not the system we go through.”

The restaurant has been anti-mobile ordering for nearly a decade including when then-start-up DoorDash attempted to deliver In-N-Out meals to potential customers, a move that angered the higher-ups.

The burger chain sued the delivery app claiming it didn’t trust third-party services to handle the food, TMZ reported in 2015.

She also shared that she regularly receives messages and calls asking for In-N-Out to be sold or to start an IPO, which she reportedly will continue to say no.

“We’re a family company, we’re a private company and this is who we are and I’m unashamed of my faith,” Snyder said about the chain’s packaging that includes Bible Verses.

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Politics

Trump announces $2,000 tariff ‘dividend,’ here is how it will affect crypto

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Trump announces ,000 tariff 'dividend,' here is how it will affect crypto

United States President Donald Trump announced on Sunday that most Americans will receive a $2,000 “dividend” from the tariff revenue and criticized the opposition to his sweeping tariff policies.

“A dividend of at least $2000 a person, not including high-income people, will be paid to everyone,” Trump said on Truth Social.

The US Supreme Court is currently hearing arguments about the legality of the tariffs, with the overwhelming majority of prediction market traders betting against a court approval.

US Government, United States, Donald Trump
Source: Donald Trump

Kalshi traders place the odds of the Supreme Court approving the policy at just 23%, while Polymarket traders have the odds at 21%. Trump asked:

“The president of the United States is allowed, and fully approved by Congress, to stop all trade with a foreign country, which is far more onerous than a tariff, and license a foreign country, but is not allowed to put a simple tariff on a foreign country, even for purposes of national security?”

Investors and market analysts celebrated the announcement as economic stimulus that will boost cryptocurrency and other asset prices as portions of the stimulus flow into the markets, but also warned of the long-term negative effects of the proposed dividend.

Related: Bitcoin faces ‘insane’ sell wall above $105K as stocks eye tariff ruling

The proposed economic stimulus will boost asset markets, but at a steep cost

Investment analysts at The Kobeissi Letter forecast that about 85% of US adults should receive the $2,000 stimulus checks, based on distribution data from the economic stimulus checks during the COVID era.

While a portion of the stimulus will flow into markets and raise asset prices, Kobeissi Letter warned that the ultimate long-term effect of any economic stimulus will be fiat currency inflation and the loss of purchasing power.

US Government, United States, Donald Trump
The proposed economic stimulus checks will add to the national debt and result in higher inflation over time. Source: The Kobeissi Letter

“If you don’t put the $2,000 in assets, it is going to be inflated away or just service some interest on debt and sent to banks,” Bitcoin analyst, author, and advocate Simon Dixon said.

“Stocks and Bitcoin only know to go higher in response to stimulus,” investor and market analyst Anthony Pompliano said in response to Trump’s announcement.

Magazine: China will intensify Bitcoin bull run, $1M by 2028: Bitcoin Man, X Hall of Flame