> While menu prices did increase, costs rose by an average of just 1.5% –equivalent to about 6 cents on a $4 hamburger, down from the 15-cent increase reported in the September study.

Study: California's $20 fast-food minimum wage improves pay at small cost to consumers - https://news.ycombinator.com/item?id=43806608 - May 2025

https://www.axios.com/local/san-francisco/2025/02/27/uc-berk...

https://irle.berkeley.edu/publications/brief/effects-of-the-...

What was their revenue and what was profit as a percentage of that?

If the profit percentage hasn’t increased, “record profits” is meaningless drivel that just means it kept up with inflation.