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McDonald’s CFO Has Devastating News

Your Big Mac Attack will be costing more very soon.

Food prices are rising around the globe and the world’s biggest restaurant chain expects its costs to rise 2 percent to 2.5 percent this year in the United States and 3.5 percent to 4.5 percent in Europe. Chief Financial Officer Pete Bensen said McDonald’s would “raise prices where it makes sense” to offset some, but not all, of the cost increases. Diners around the world remain cautious with their spending on food away from home and McDonald’s will be very careful not to turn customers off with higher prices, Bensen said.

Hopefully this won’t eliminate Mickey D’s from your eligible take-out options this busy season.

McDonald’s likely to raise prices in 2011 [Reuters via DB]

Your Big Mac Attack will be costing more very soon.

Food prices are rising around the globe and the world’s biggest restaurant chain expects its costs to rise 2 percent to 2.5 percent this year in the United States and 3.5 percent to 4.5 percent in Europe. Chief Financial Officer Pete Bensen said McDonald’s would “raise prices where it makes sense” to offset some, but not all, of the cost increases. Diners around the world remain cautious with their spending on food away from home and McDonald’s will be very careful not to turn customers off with higher prices, Bensen said.

Hopefully this won’t eliminate Mickey D’s from your eligible take-out options this busy season.

McDonald’s likely to raise prices in 2011 [Reuters via DB]

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