Burger King pulls Whopper off discount menu; parent RBI to hike prices – Reuters

Burger King pulls Whopper off discount menu; parent RBI to hike prices – Reuters

Feb 15 (Reuters) - Burger King parent Restaurant Brands International Inc (QSR.TO) said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs.

U.S.-listed shares of the company rose more than 3% after it topped results estimates for the fourth quarter ended Dec. 31, led by soaring online sales and better-than-expected same-store sales growth at Burger King in the United States and Tim Hortons in Canada.

Restaurant chains are raising prices because they are paying higher costs for shipping, labor, and commodities including chicken, coffee and cooking oils amid COVID-19 related disruptions.