Food prices have risen more than

wages and overall inflation

Change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

+10

Wages

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’

profits have soared

Percent change in from a recent quarter to

the corresponding quarter two years prior.

From a Guardian analysis of 36 food

companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

Starbucks

+47

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

Sprouts Farmers Market

+30

Darden (Olive Garden)

+26

Food prices have risen more than wages

and overall inflation

Percent change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

+10

Wages

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’

profits have soared

Percent change in from a recent quarter to the

corresponding quarter two years prior. From a

Guardian analysis of 36 food companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

Starbucks

+47

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

+30

Sprouts Farmers Market

Darden (Olive Garden)

+26

Food prices have risen more than wages

and overall inflation

Percent change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

+10

Wages

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’

profits have soared

Percent change in from a recent quarter to the

corresponding quarter two years prior. From a Guardian

analysis of 36 food companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

Starbucks

+47

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

Sprouts Farmers Market

+30

Darden (Olive Garden)

+26

Food prices have risen more than wages and overall inflation

Percent change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

Wages

+10

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’ profits have soared

Percent change in from a recent quarter to the corresponding quarter two years prior.

From a Guardian analysis of 36 food companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

+47

Starbucks

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

Sprouts Farmers Market

+30

Darden (Olive Garden)

+26

Food prices have risen more than wages and overall inflation

Percent change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

Wages

+10

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’ profits have soared

Percent change in from a recent quarter to the corresponding quarter two years prior.

From a Guardian analysis of 36 food companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

+47

Starbucks

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

Sprouts Farmers Market

+30

Darden (Olive Garden)

+26

Food prices have risen more than wages and overall inflation

Percent change from January 2019 to May 2024

+30%

Food and

beverages

+20

Covid

recession

Wages

+10

Inflation

0

2019

2020

2021

2022

2023

2024

While these food companies’ profits have soared

Percent change in from a recent quarter to the corresponding quarter two years prior.

From a Guardian analysis of 36 food companies.

Cheesecake Factory

+471%

+268

Cal-Maine

Wing Stop

+222

+213

Jack In The Box

Chipotle

+110

+77

Texas Roadhouse

Brinker (Chili's)

+50

+47

Starbucks

Sysco

+43

Domino's

+37

Natural Grocers

+33

+30

Mondelez International

Sprouts Farmers Market

+30

Darden (Olive Garden)

+26

Guardian graphic. Source: Company profit growth is calculated using a recent quarterly SEC filing compared to the same quarter two years prior. Companies’ quarterly calendars differ, their most recent profits range from late 2023 to early 2024. US workers’ wage growth from BLS is the change in the inflation adjusted median weekly earnings of private employees. Food and beverage and inflation figures from BLS.