Burger King Owner Sees ‘Significant Inflation’ for Beef and Mayo
- Consumers are now both eating out and keeping pantries stocked
- Protein prices have exceeded ‘even our most bullish forecasts’
Photographer: Daniel Acker/Bloomberg
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The owner of Burger King and Popeyes sees prices for key ingredients like beef, mayonnaise and bacon soaring amid higher demand and supply constraints, according to an internal report.
Restaurant Brands International Inc. “can see significant inflation across all regions on protein and oils” compared with historical five-year averages, according to a company report on commodities, dated May 17, that was viewed by Bloomberg News.