Not even Little Caesars is immune from price increases: The chain's signature $5 Hot-N-Ready pizza now costs 11% more.
Little Caesars is selling a"new and improved" version of the recognizable pizza, which has 33% more pepperoni and a new price of $5.55 - its first price increase in nearly 25 years. The pizza first went on sale in 2001 and differentiated itself from competitors because it was made ready for take-out without the need to pre-order it.
Despite the price increase, Little Caesars' said it's still sold at the"country's most affordable price" compared to its competitors large pepperoni pizzas. A similar pie at its rivals, including Domino's and Pizza Hut, costs between $13 and $16 depending on the location. The revamped version of the Hot-N-Ready is a permanent menu change and the price could cost more in some cities after the nationwide promotional price ends after a"limited time."
Pizza sales have exploded during the pandemic, with sales at its publicly traded rivals growing over the past two years. Prices for basically everything have also blossomed, even at restaurants were prices spiked 5.8% over the 12 months ending in November 2021, according to the Bureau of Labor Statistics. The sharp increases underscore the fact that restaurants and food makers are not immune to supply chain and labor pressures contributing to pricing increases across the board.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
25 Celebrity Couples Who Aren't Afraid of a Little PDAFrom machinegunkelly and meganfox to Nicole Kidman and KeithUrban, these celebrity couples don't shy away from PDA.
Read more »
Little India, already struggling before the pandemic, is at a crossroadsThe question facing Little India goes beyond how to reinvent itself. The undercurrent in many conversations is: Does it have a reason for existing?
Read more »
My Boyfriend Avoids Sex At All Costs. I’m Worried My Secret Solution Is a Little Cruel to Him.Dear How to Do It: If my boyfriend did this to me, I'd be furious.
Read more »
A Little Uncoordinated? Well, This Innovative Jump Rope on Amazon Takes Tripping Out of the EquationThis tangle-free jump rope will make exercise fun and efficient.
Read more »
Stacey Abrams' New Children's Book Is Perfect for Your Little Future Leader — & It's Already a No. 1 Best Seller.staceyabrams' new children’s book empowers our next generation of young learners! It's a book you have to add to your little one's library. 📚
Read more »