Waffle House Is Now Charging Extra For Eggs. Here's How Much It'll Cost
The avian flu continues to cause us pain when it comes to egg prices at grocery stores, but restaurants are feeling it too. The popular diner chain, Waffle House, is dealing with the egg shortage by adding a surcharge to each egg served. This comes out to the tune of an additional $0.50 per egg. The surcharge isn't meant to be permanent, however; should market conditions soften, the company may choose to drop the additional fee.
Considering Waffle House specializes in breakfast food, it should come as no surprise to you then that eggs are its best seller. According to the company, it serves 272 million eggs per year (second runner up is hashbrowns at 153 million orders), so any increase in its bestseller's base cost could easily cause some serious financial upset for the company. Waffle House has approximately 2,100 locations, so that's a lot of eggs that are currently affected. Your All-Star Special just got at least $1 more expensive.
Read more: 6 Frozen Breakfast Sandwiches You Should Buy And 6 To Avoid
Unfortunately, with the egg shortage still in full swing, the cost of a dozen eggs at the store is projected to go up even further this year. The U.S. Department of Agriculture has predicted that prices are going to rise another 20% with no clear resolution in sight. Even if the avian flu outbreak suddenly ceased, it still takes quite a bit of time to grow hens to egg-laying size, approximately 26 weeks (or 6.5 months). And at first, the eggs from those chickens start off small until the birds fully mature to the point where they produce the larger-sized ones we typically seek out at the supermarket.
But the flu is ongoing. When a flock contracts the virus, it must be culled as the influenza can spread through the flock rapidly, killing birds within mere hours. I hate to say it, but we're in it for the long haul on this one. Our breakfasts and baked goods are only going to cost more this year, especially at the diner.
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Additionally, adjusted free cash flow does not represent the total increase or decrease in our cash balance for a given period. Forward-Looking Statements This press release and the accompanying earnings call contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this release and the accompanying earnings call are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. 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Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended April 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss, including amounts attributable to noncontrolling interest. $ (36,258 ) $ (55,476 ) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation expense 55,827 42,252 Charitable donation of common stock 1,739 2,957 Amortization of intangible assets 2,020 1,087 Depreciation expense 556 937 Amortization of deferred contract acquisition costs 13,899 11,109 Net amortization of premiums or discounts on short-term investments (2,996 ) (4,900 ) Unrealized foreign exchange loss, net 9,901 720 Other non-cash expense, net 208 412 Changes in assets and liabilities: Accounts receivable 65,928 31,072 Prepaid expenses and other current assets 1,527 10,362 Deferred contract acquisition costs (8,126 ) (8,540 ) Other non-current assets 379 (419 ) Accounts payable 3,586 1,336 Accrued expenses and other current liabilities 9,979 20,023 Accrued compensation and benefits (13,084 ) (13,152 ) Deferred revenue 1,205 (4,448 ) Other non-current liabilities 12 2,806 Net cash provided by operating activities 106,302 38,138 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of short-term investments. (245,952 ) (144,392 ) Proceeds from maturities of short-term investments 163,606 254,687 Proceeds from sales of short-term investments 1,367 — Purchases of property and equipment. (912 ) (700 ) Payments for business combination, net of cash acquired — (20,210 ) Net cash provided by (used in) investing activities (81,891 ) 89,385 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 3,328 5,093 Net cash provided by financing activities 3,328 5,093 Impact of foreign exchange on cash and cash equivalents 331 (290 ) Net increase in cash and cash equivalents. 28,070 132,326 Cash and cash equivalents at beginning of period 227,649 287,996 Cash and cash equivalents at end of period $ 255,719 $ 420,322 GitLab Inc. Reconciliation of GAAP to Non-GAAP (in thousands, except per share data) (unaudited) Three Months Ended April 30, 2025 2024 Gross profit on GAAP basis $ 189,474 $ 150,411 Gross margin on GAAP basis 88 % 89 % Stock-based compensation expense 1,929 1,855 Amortization of acquired intangibles 2,020 1,087 Gross profit on non-GAAP basis $ 193,423 $ 153,353 Gross margin on non-GAAP basis 90 % 91 % Sales and marketing on GAAP basis $ 107,587 $ 92,424 Stock-based compensation expense (22,091 ) (17,397 ) Restructuring charges — (730 ) Sales and marketing on non-GAAP basis $ 85,496 $ 74,297 Research and development on GAAP basis $ 65,410 $ 54,140 Stock-based compensation expense (14,272 ) (12,336 ) Research and development on non-GAAP basis $ 51,138 $ 41,804 General and administrative on GAAP basis $ 51,087 $ 57,487 Stock-based compensation expense (17,535 ) (10,664 ) Restructuring charges — (276 ) Charitable donation of common stock (1,739 ) (2,957 ) Acquisition related expenses (183 ) (2,051 ) Other non-recurring charges (963 ) (473 ) General and administrative on non-GAAP basis $ 30,667 $ 41,066 Loss from operations on GAAP basis $ (34,610 ) $ (53,640 ) Stock-based compensation expense 55,827 42,252 Amortization of acquired intangibles 2,020 1,087 Restructuring charges — 1,006 Charitable donation of common stock 1,739 2,957 Acquisition related expenses 183 2,051 Other non-recurring charges 963 473 Income (loss) from operations on non-GAAP basis $ 26,122 $ (3,814 ) Other expense, net on GAAP basis $ (9,971 ) $ (889 ) Foreign exchange losses, net 9,954 785 Other non-recurring charges 170 174 Other income, net on non-GAAP basis $ 153 $ 70 Net loss attributable to GitLab common stockholders on GAAP basis $ (35,875 ) $ (55,233 ) Stock-based compensation expense 55,827 42,252 Amortization of acquired intangibles 2,020 1,087 Restructuring charges — 1,006 Charitable donation of common stock 1,739 2,957 Acquisition related expenses 183 2,051 Foreign exchange losses 9,954 785 Income tax adjustment (1) (5,631 ) 8,922 Other non-recurring charges 1,133 647 Net income attributable to GitLab common stockholders on non-GAAP basis $ 29,350 $ 4,474 GAAP net loss per share, basic and diluted $ (0.22 ) $ (0.35 ) Non-GAAP net income per share, basic $ 0.18 $ 0.03 Non-GAAP net income per share, diluted $ 0.17 $ 0.03 Shares used in per share calculation - basic on GAAP basis 164,491 158,157 Effect of dilutive securities 5,669 8,767 Shares used in per share calculation - diluted on non-GAAP basis 170,160 166,924 (1) Income tax adjustment in Q1 FY2025 consists primarily of one-time charges associated with the formation of Jihu and BAPA negotiations, while in Q1 FY2026, it primarily reflects an assumed provision for income taxes based on our long-term projected tax rate of 22%. GitLab Inc. Reconciliation of GAAP Cash Flow from Operating Activities to Adjusted Free Cash Flow (in thousands) (unaudited) Three Months Ended April 30, 2025 2024 Computation of adjusted free cash flow (1) GAAP net cash provided by operating activities $ 106,302 $ 38,138 Less: Purchases of property and equipment (912 ) (700 ) Less: Income tax refunds related to BAPA (1,293 ) — Add: Payments related to the formation of JiHu — — Non-GAAP adjusted free cash flow $ 104,097 $ 37,438 (1) No non-recurring payments related to the formation of JiHu were recorded during the periods presented. View source version on Contacts Media Contact: Lisa BoughnerVP, Global CommunicationsGitLab Investor Contact: Kelsey TurcotteVP, Investor RelationsGitLab Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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12 hours ago
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