Burger King Parent Sees Labor Crunch Driving Up Beef Costs
- Pork also affected, Restaurant Brands says in internal report
- Meat suppliers grappling with rising costs, higher demand
Photographer: Daniel Acker/Bloomberg
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The owner of Burger King and Popeyes expects U.S. beef costs to climb this quarter as labor shortages across the country make it tough to staff meatpacking plants, according to an internal document.
Restaurant Brands International Inc., which owns the Tim Hortons chain as well, also sees higher costs for key ingredients including pork that it uses for sausage and bacon, the company said in a July report that was viewed by Bloomberg News. According to the document, stimulus checks in the U.S. are reducing incentives for meatpacking workers to show up.