logo
Denny's reportedly adds egg surcharge amid rising prices and bird flu shortages

Denny's reportedly adds egg surcharge amid rising prices and bird flu shortages

Yahoo25-02-2025

Denny's, the popular American diner chain, has reportedly joined a growing number of restaurants responding to the nationwide egg shortage by adding a temporary surcharge to its egg-based meals at some locations.
The egg shortage is driven by an ongoing bird flu outbreak that has decimated flocks across the US since the beginning of 2022. Egg supplies have dwindled and prices have soared as a result, forcing many businesses to adapt.
'Our pricing decisions are being made market-by-market, and restaurant-by-restaurant due to the regional impacts of the egg shortage,' Denny's said in a statement to multiple outlets.
CNN reached out to Denny's for comment.
The chain, which boasts more than 1,500 restaurants, declined to specify how many locations are affected or the exact amount of the surcharge, according to the reported statement.
Despite the price increases, Dennys emphasized its commitment to diners' appetite for value amid 'rapidly changing market dynamics.'
Menu prices at US restaurants are rising as avian flu has killed more than 140 million egg-laying birds in the country since 2022. At least 18.9 million birds have been culled in the past 30 days alone, according to the US Department of Agriculture.
The impact on prices has been clear. The average cost of a dozen large, grade-A eggs climbed to $4.15 in December, up from $3.65 in November, according to the Bureau of Labor Statistics.
Earlier this month, Waffle House, another storied US diner chain, introduced a temporary 50-cent surcharge per egg, citing the 'nationwide rise in cost of eggs,' CNN previously reported.
The Georgia-based franchise, which has about 2,100 US locations, said it is 'continuously monitoring egg prices' and may adjust or remove the surcharge as market conditions improve.
Bakeries are feeling the squeeze, too. Scott Auslander, general manager of the Washington, DC, bakery Bread Furst, said the surge in egg prices has been unprecedented.
'Our suppliers are telling us that they don't know when egg prices are going to come down — or if they're going to come down,' Auslander told CNN. 'Eggs are outrageous.'
Bread Furst uses 150 eggs daily and has seen its costs more than double over the past year, Auslander said. The bakery recently raised prices on all of its egg-heavy items — about a third of the menu — including its signature 'messy egg sandwich,' which now costs a dollar more.
'We've really never had to think about the cost of eggs until now,' Auslander said.
Major US retailers, including Costco and Trader Joe's, have had to take action as well, imposing limits on how many eggs one customer can buy.
The egg crisis has pushed American businesses to seek alternatives abroad. CNN previously reported Turkey has stepped in to meet the demand, with producers there planning to export 420 million eggs to the US this year, the highest on record and nearly six times last year's US export total, according to estimates from Turkey's Egg Producers Central Union.
Turkey is currently the only foreign country that exports eggs to the US, according to the American Farm Bureau Federation.
Amid the shortage, more than 90 people were stopped from smuggling raw eggs from Mexico into the US since January, US Customs and Border Protection said last week in a news release.
CBP urges travelers to declare all agricultural products to avoid fines and safeguard public health.
'Failure to declare may lead to potential fines and penalties,' the agency said in the statement. CBP said its agriculture specialists have issued 16 civil penalties, totaling nearly $4,000, for violations involving raw eggs and other prohibited items.
The added egg-related costs trickling into various aspects of the US economy aren't likely to go away any time soon. With flocks taking months to replenish, the US Department of Agriculture projects egg prices could rise another 20% this year, leaving businesses and consumers alike scrambling to adapt for the foreseeable future.
CNN's Juliana Liu, Jordan Valinsky, Bryan Mena and Vanessa Yurkevich contributed to this report.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why these actors and ‘SmartLess' podcast hosts want to help you pay less for cell service
Why these actors and ‘SmartLess' podcast hosts want to help you pay less for cell service

CNN

time27 minutes ago

  • CNN

Why these actors and ‘SmartLess' podcast hosts want to help you pay less for cell service

The latest celebrity start-up trend is no longer tequila. It's telecom. Actors Sean Hayes, Will Arnett and Jason Bateman — who host the popular 'SmartLess' podcast — are launching a wireless service as an alternative to pricier unlimited data plans from major carriers like Verizon, T-Mobile or AT&T. The decision to start the company, called SmartLess Mobile, came from a simple realization: while industry giants generally push unlimited plans, most people don't actually use that much data. Even if they're glued to their phones. 'Most Americans spend almost 90% of their time under Wi-Fi. Their mobile device very seldom actually uses the actual wireless network,' said SmartLess CEO Paul McAleese, a telecom industry veteran who co-founded the company with the actors. Research published last year by the consultancy group OpenSignal found that most mobile customers spend between 77% and 88% of their on-screen time connected to a Wi-Fi network. SmartLess Mobile offers wireless plans starting at $15 per month for 5 gigabytes of high-speed data, going up to $30 monthly for 30 gigabytes. By contrast, starter unlimited plans from the major carriers range from around $35 to $65 per month. McAleese said he and Arnett started discussing the idea after the actor bought a new phone for his teenage son and was sold an unlimited plan that cost around $70 monthly. (Arnett previously served as a spokesperson for Canadian telecom giant Shaw Communications; McAleese is the company's former president.) 'And (Arnett) goes, 'Geez, it's awfully expensive,'' McAleese said in an interview with CNN. 'And I said, 'Your boy spends almost his entire life under Wi-Fi. He's at home, he's at school … he's never going to be on the network. Why would you buy all that?'' SmartLess Mobile joins a growing slate of celebrity-backed wireless carriers, including Consumer Cellular, with longtime spokesperson Ted Danson, and Ryan Reynolds' Mint Mobile, which was acquired by T-Mobile in 2023. These providers, known as mobile virtual network operators (or MVNOs), lease access to a major telecom provider's spectrum — SmartLess plans will run on T-Mobile's 5G network — and can often charge lower prices because they don't have to manage the physical infrastructure. The services have gained popularity as cell phone technology has advanced. Most phones now have digital SIM cards, making it easier for consumers to switch carriers without having to visit a retail store. And the proliferation of Wi-Fi infrastructure everywhere from subways to restaurants means many people have lesser data needs. If their partner network goes down, MVNOs do risk being the ones customers blame for losing missing service. And limited data plans aren't necessarily for everyone — ride-share drivers and delivery couriers likely use a lot more data than people who work from home or from an office with a Wi-Fi network. But the primary 'uphill battle for any MVNO is to stand out in the space,' said Jeffrey Moore, principal at wireless industry research firm Wave7, because the industry giants have much more name recognition. Major carriers also entice customers with deals on new phones, which they practically give away for free if consumers join their network. Smaller carriers 'have to stand out either in terms of offerings or in terms of marketing,' Moore said. That's where celebrity endorsements come in. SmartLess already has a significant built-in audience; the podcast ranks among the top 20 most popular shows on Apple Podcasts. And Arnett, Hayes and the SmartLess podcast have more than 2 million combined Instagram followers. 'Whether by luck or by design, they also have a brand name that has both 'smart' and 'less' in the name,' McAleese said, 'which, if you're going to be a challenger brand in this day and age, those are two pretty good head starts.' The team plans to start discussing SmartLess Mobile on the podcast in the coming weeks, he said. And the SmartLess hosts' involvement in the new carrier goes beyond typical celebrity endorsements, McAleese said. Hayes, Arnett and Bateman had already turned down the opportunity to lend their names to other types of products, and they've been involved in everything from financing to marketing the new company. 'They rely on the category for what is now one of their primary professional pursuits, which is the podcast, this is how people consume their product,' McAleese said. 'These guys are master storytellers, and they have the brand ethos of sort of an honest broker. I think it's just a perfect marriage.'

Boss of London ad champion quits after losing crown to French rival
Boss of London ad champion quits after losing crown to French rival

Yahoo

time33 minutes ago

  • Yahoo

Boss of London ad champion quits after losing crown to French rival

The boss of WPP is to step down months after the British advertising behemoth lost its crown to a French rival. Mark Read will leave after more than three decades at WPP, including seven years as chief executive. He will continue in the role until the end of the year while the board searches for his successor. Mr Read's departure, though long-expected in the industry, comes at a turbulent time for WPP. The London-based group, which employs around 110,000 people worldwide, last year lost its title as the world's largest ad company by revenues to French rival Publicis. Meanwhile, its two other largest rivals – Omnicom and Interpublic – have agreed to merge in a $30bn (£22bn) deal that will further erode WPP's dominance. The British company is also grappling with industry-wide turmoil sparked by the rise of artificial intelligence (AI), which threatens to upend the work of ad agencies. This has compounded the challenge posed by tech giant such as Google and Meta, which have grown their share of the advertising market in a direct threat to traditional holding groups. Mr Read's tenure has been dominated by efforts to simplify WPP, which had ballooned into a sprawling network of companies under his predecessor Sir Martin Sorrell, who left the company he founded following allegations of misconduct, which he has always denied. As chief executive, Mr Read oversaw the merging of a number of agencies while selling off some non-core businesses, including the £2.5bn sale of a 60pc stake in market research group Kantar. More recently, the ad boss has also vowed to invest heavily in AI, pumping £300m into the technology this year and investing in generative AI startup Stability AI. However, WPP's growth has ground to a halt in recent years and the company's share price has more than halved during Mr Read's tenure, pushing its market value below £6bn. Shares fell a further 2pc after his departure was announced. Alex DeGroote, a media analyst, said: 'The company is much simpler today than it was when he came on board as chief executive.' But he added: 'There's just a feeling of the company having lost a lot of ground to the likes of Publicis, so I can't honestly say that he will be remembered as having delivered immense shareholder value.' Mr Read's future has been in doubt since Philip Jansen, the former BT boss, was appointed as WPP chairman at the beginning of the year. Mr Jansen said Mr Read had 'played a central role in transforming the company into a world leader in modern marketing services'. Mr Read said: 'After seven years in the role, and with the foundations in place for WPP's continued success, I feel it is the right time to hand over the leadership of this amazing company. 'I am excited to explore the next chapter in my life and can only thank all the brilliant people I have been lucky enough to work with over the last 30 years, and who have made possible the enormous progress we have achieved together.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. 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

Chicago Bears CEO Kevin Warren pays nearly $2.3M for Lake Forest mansion
Chicago Bears CEO Kevin Warren pays nearly $2.3M for Lake Forest mansion

Chicago Tribune

time36 minutes ago

  • Chicago Tribune

Chicago Bears CEO Kevin Warren pays nearly $2.3M for Lake Forest mansion

In a move sure to lend further credence to the view that the Chicago Bears will build a new stadium in Arlington Heights, Kevin Warren, the team's president and CEO, in May paid $2.25 million for a five-bedroom, 8,725-square-foot shingle-style mansion in Lake Forest. Warren, 61, became the Bears' president and CEO in January 2023 after serving for more than three years as the commissioner of the Rosemont-based Big Ten conference. During his time overseeing the Big Ten, Warren first rented a 21st-floor condo in a building on Lake Shore Drive in Streeterville, and then in 2023, he and his wife, Greta, paid $1.75 million for a three-bedroom, 2,547-square-foot condominium on the 13th floor of the same high-rise. Since June 2021, the Bears have been known to be considering locations for a new stadium, including building a new arena in Arlington Heights on the 326-acre site of the former Arlington Park racetrack — land that the team purchased in 2023. Warren soon emerged as an enthusiastic proponent of the idea of a new stadium on Chicago's lakefront. In April, Warren told reporters that the team had shifted from solely pursuing building a new stadium downtown to considering both downtown and Arlington Heights. 'The focus now is both downtown and Arlington Heights,' Warren said in April. 'One thing I have said before is that these are not linear processes or projects. They take time.' Then, in May, the Tribune broke the news that the team's focus had moved once again, this time to Arlington Heights exclusively. Warren's decision to buy a suburban home is sure to spark speculation that the team now is near-certain to build in Arlington Heights, although Warren's new house also is close to the Bears' Halas Hall headquarters and training complex in Lake Forest. The house Warren purchased has a wraparound deck, a new cedar shake roof, a great room with a 19-foot alder wood ceiling and a Lannon stone fireplace, and a kitchen with high-end appliances, a center island and a breakfast bar. Other features include a private office with a fireplace and and a first-floor primary bedroom suite with a bathroom that has dual vanities and heated stone floors. Downstairs, the lower level has a family room opening to a stone patio, a guest bedroom suite and an exercise room. With Warren now having purchased a place in the northern suburbs, he joins several of his colleagues, including Bears general manager Ryan Poles, who paid $2.077 million in 2023 for a 5,200-square-foot house in Lincolnshire. Recently hired head coach Ben Johnson is not known to have bought a house here yet. The sellers lost money on the Lake Forest mansion. They paid $2.39 million for it in 2015, and they first listed it in 2023 for $2.495 million. They cut their asking price in April 2024 to $2.4 million, and they signed a deal in April with Warren, who closed on the purchase in May through an opaque land trust that masks his identity. The mansion had a $35,839 property tax bill in the 2024 tax year. It also has $295-a-month homeowners association dues. Real estate agent Annie Royster Lenzke, who represented Warren in his purchase, did not respond to a request for comment. Her colleague Dawn McKenna also did not respond to a request for comment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store