Chain expects to raise prices, ramp up store revamps in U.S.
Executives at McDonald’s Corp. told analysts Monday it would likely raise menu prices this year to keep up with increasing commodity costs. The company offered outlooks on the year ahead after reporting a 2.1-percent increase in fourth-quarter net income on positive sales despite severe winter weather. Click here to read more on McDonald’s latest results. Pricing power The company expects domestic commodity inflation between 2 percent and 2.5 percent in 2011, and chief financial ...
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