Lotteria to Raise Sales Prices by an Average of 5.1% Starting from the 2nd of Next Month

Lotte GRS's Lotteria announced on the 26th that it will raise the product sales prices by an average of about 5.1% starting from the 2nd of next month.

The adjusted items include a total of 84 products, including 14 types of burgers, with price increases ranging from about 200 to 400 KRW per product.

Among the main items with price increases, the single burger prices of the representative menu items, Bulgogi Burger and Shrimp Burger, will be adjusted from 4,500 KRW to 4,700 KRW, and the set menus will be adjusted from 6,600 KRW to 6,900 KRW.

A Lotte GRS official stated, “Due to the prolonged COVID-19 situation, difficulties in logistics supply and increases in logistics and labor costs continue as internal and external challenges. Although overall sales have increased, profitability is decreasing due to cost burdens. Therefore, the headquarters has inevitably decided to adjust sales prices to support mutual growth with franchise stores and protect the interests of small business owners.”

This content was produced with the assistance of AI translation services.