EconomyPublished

In-N-Out owner says chain will stay rooted in California

Lynsi Snyder, president and owner of the burger chain In-N-Out, said in an online interview that the company will always be based in California. Snyder has herself moved her family to Tennessee, a step she announced last year, citing difficulty raising children in California. The first In-N-Out restaurant opened in Southern California in 1948. Fortune estimates Snyder's net worth at $7.3 billion. The chain raised its prices after California introduced higher minimum wages for fast-food workers in 2024.

Key facts

  • Snyder made the remarks in an interview posted online by In-N-Out.
  • Her relocation to Tennessee was reported by Fortune.
  • Fortune's $7.3 billion figure is based on an estimate, not a disclosed valuation.

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What changed

  1. First published from Fortune