As commodity costs continue to escalate, the burger giant will take price bump
The largest restaurant chain has spoken, and it is increasing menu prices bit by bit throughout the year to offset rising commodity costs. Facing a new outlook on commodity inflation, which doubles food cost expectations for its U.S. market, McDonald’s said it took a 1-percent menu price increase in March. The company said it would keep taking small, additional menu price increases — at levels below the food-away-from-home inflation rate — to keep margins in check and ...
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Contact: Desiree Torres Desiree.Torres@penton.com