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Bloomberg
Carrols Restaurant Group Inc, the largest Burger King owner in the US, is cutting its chicken-nugget portion sizes as surging beef and wage costs hit profit.
Beef costs were up 33% in the fourth quarter compared with a year earlier for Carrols, which owns more than 1,000 Burger King stores. It’s a big deal for the seller of Whopper hamburgers — beef makes up 25% of the company’s commodity purchases, CEO Dan Accordino said.
“Domestic food, paper producers and distributors supplying most of our commodities are dealing with labour constraints, higher fuel costs are passing these increases on to us,†he said.