logo
In-N-Out billionaire Lynsi Snyder says she is leaving California: 'Doing business is not easy here'

In-N-Out billionaire Lynsi Snyder says she is leaving California: 'Doing business is not easy here'

In-N-Out's billionaire owner, Lynsi Snyder, is done with California.
Speaking on the "Relatable" podcast released Friday, Snyder said she's moving to Tennessee as the cult burger chain plans its southeastern expansion and establishes a new headquarters in the suburbs outside Nashville.
"There's a lot of great things about California, but raising a family is not easy here. Doing business is not easy here," Snyder said.
During the conversation with host Allie Beth Stuckey, Snyder cited COVID-era business restrictions, such as mask mandates and vaccine requirements, as particular elements of California policy that made it difficult to operate in the state.
In 2021, health officials temporarily shut down several In-N-Out locations in California because the chain refused to require proof of COVID-19 vaccinations.
Snyder didn't expand upon her current business challenges or the challenges she's faced raising her four children in the state.
In-N-Out is consolidating its corporate presence in California, centralizing its West Coast operations out of offices in Baldwin Park, where the chain was founded by Snyder's grandparents, and phasing out its Irvine headquarters by 2030. Its new Franklin, Tennessee headquarters is set to open in 2026.
"Now the bulk of our stores are still going to be here in California, but it will be wonderful having an office out there, growing out there, and being able to have the family and other people's families out there," Snyder said.
While the chain is planning to expand in the Southeast with its operations in Tennessee, Snyder said she's "still saying no" to opening locations in Florida and other East Coast states.
In-N-Out has over 400 locations across eight states: California, Nevada, Arizona, Utah, Texas, Oregon, Colorado, and Idaho. Snyder said that the company will continue to grow, but she's prioritizing sustainable expansion that maintains the quality of its products and service.
"Number one priority is really keeping the company the same company that my grandparents started," Snyder said. "We don't want to be in every state, and we don't want to ever compromise our values and standards and the cornerstones that my grandparents laid down, so it's really just keeping those priorities at the forefront when we make decisions."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick
This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick

New York Post

time2 hours ago

  • New York Post

This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick

Households in Huntington, Long Island have seen a sizable boost to their incomes since COVID, a new study has revealed, putting the once middle-class town on a new rich list. Between 2020 and 2023, the median household income in the enclave surged by a whopping 22.8%, according to research conducted by GOBankingRates. The company analyzed income data from the US Census American Community Survey to determine the top 50 US towns where residents are building wealth the fastest. Huntington placed 16th on the list. Back in 2020, the median household income in Huntington was $131,989. In 2023, that figure had risen to $162,066. Meanwhile, the number of households making more than $200,000 in Huntington rose by an impressive 22.6% during the same four-year period— one of the highest percentages in the entire country. Only three towns in New York state made the GOBankingRates list. All were located on Long Island. Aurora East Media – GOBankingRates didn't explain what, specifically, was behind Huntington's wealth boom. It was one of only three New York towns to make the top 50 list. West Islip and Plainview, both located on Long Island, came in 21st and 33rd place, respectively. The median household income in both of those nabes surged between 2020 and 2023, and is now inching toward $200,000 in both communities. Meanwhile, Summit, New Jersey was named by GOBanking Rates as the number one town where 'upper-class Americans are getting richer.' Summit, New Jersey was named by GOBanking Rates as the number one town where 'upper-class Americans are getting richer.' Corbis via Getty Images While the community has long been cashed-up, residents appear to be getting richer there at rates higher than anywhere else in the country. Between 2020 and 2023, the median household income in Summit soared by a staggering 39.4%, from $142,845 to $199,107, per the study. There was also a 23.6% increase in the number of households earning $200,000 or more. The GOBankingRates study revealed that California is the state with the most areas amassing wealth quickly. A whopping 20 of the top 50 towns on the list were located in the Golden State, proving it's still a place of upward mobility despite high taxes and astronomical property prices.

Descartes Systems Group (DSGX) Fell After the Force Reduction News
Descartes Systems Group (DSGX) Fell After the Force Reduction News

Yahoo

time3 hours ago

  • Yahoo

Descartes Systems Group (DSGX) Fell After the Force Reduction News

Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter began with a historically poor start but gained momentum later as tariff fears subsided and market volatility dropped precipitously. Conestoga Small Cap Composite returned 4.76% in the quarter compared to 11.97% for the Russell 2000 Growth Index. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025. In its second quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as The Descartes Systems Group Inc. (NASDAQ:DSGX). Headquartered in Waterloo, Canada, The Descartes Systems Group Inc. (NASDAQ:DSGX) provides cloud-based logistics and supply chain solutions. The one-month return of The Descartes Systems Group Inc. (NASDAQ:DSGX) was 4.28%, and its shares gained 6.96% of their value over the last 52 weeks. On July 24, 2025, The Descartes Systems Group Inc. (NASDAQ:DSGX) stock closed at $106.45 per share, with a market capitalization of $9.155 billion. Conestoga Capital Advisors stated the following regarding The Descartes Systems Group Inc. (NASDAQ:DSGX) in its second quarter 2025 investor letter: "Within Technology, The Descartes Systems Group Inc. (NASDAQ:DSGX) and Simulations Plus, Inc. (SLP) were the largest detractors from relative return. DSGX, which provides software services to assist in logistics and global shipping invoice management, fell after announcing a reduction in force as they plan for the impact of global trade uncertainty." A warehouse filled with packages and parcels, signifying the scale of e-commerce enablement. The Descartes Systems Group Inc. (NASDAQ:DSGX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 22 hedge fund portfolios held The Descartes Systems Group Inc. (NASDAQ:DSGX) at the end of the first quarter compared to 22 in the previous quarter. In the first quarter of 2025, The Descartes Systems Group Inc. (NASDAQ:DSGX) reported revenues of $168.7 million, reflecting an increase of approximately 11.5% from Q1 of last year. While we acknowledge the potential of The Descartes Systems Group Inc. (NASDAQ:DSGX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered The Descartes Systems Group Inc. (NASDAQ:DSGX) and shared Conestoga Capital Advisors' views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.

Should You Hold Atlassian Corporation (TEAM)?
Should You Hold Atlassian Corporation (TEAM)?

Yahoo

time4 hours ago

  • Yahoo

Should You Hold Atlassian Corporation (TEAM)?

Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned 26.0% (net) in the second quarter compared to a 21.9% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. Easing geopolitical concerns, renewed AI optimism, resilient macroeconomic data, strong corporate earnings, and technical tailwinds boosted the markets for a quick recovery in the quarter. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its second quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Atlassian Corporation (NASDAQ:TEAM). Atlassian Corporation (NASDAQ:TEAM) is a company that designs, develops, licenses, and maintains various software products. The one-month return of Atlassian Corporation (NASDAQ:TEAM) was 1.23%, and its shares gained 12.69% of their value over the last 52 weeks. On July 24, 2025, Atlassian Corporation (NASDAQ:TEAM) stock closed at $199.83 per share with a market capitalization of $52.457 billion. Sands Capital Technology Innovators Fund stated the following regarding Atlassian Corporation (NASDAQ:TEAM) in its second quarter 2025 investor letter: "Atlassian Corporation (NASDAQ:TEAM) is a leading provider of software applications designed to improve team collaboration and productivity. Shares declined after first-quarter results revealed a narrower-than-expected beat on cloud revenue guidance. While the market reacted to the narrow beat, we do not believe it signals any erosion in the company's competitive position or broader macroeconomic challenges. Enterprise seat expansion, product upgrades, cross-sells, and migrations from data center to cloud all tracked within or above expectations. Importantly, we continue to see no signs of weakness in the data supporting our view that Atlassian's momentum with enterprise customers and newer offerings like Jira Service Management remains underappreciated." A group of executives in a board room discussing the latest software innovation. Atlassian Corporation (NASDAQ:TEAM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 82 hedge fund portfolios held Atlassian Corporation (NASDAQ:TEAM) at the end of the first quarter compared to 75 in the previous quarter. Atlassian Corporation (NASDAQ:TEAM) generated Q3 2025 revenue of $1.4 billion, representing 14% year-over-year increase. While we acknowledge the potential of Atlassian Corporation (NASDAQ:TEAM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Atlassian Corporation (NASDAQ:TEAM) and shared the list of AI stocks that will skyrocket. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store