McDonald's to Boost Prices on Some Menu ItemsMcDonald's (MCD) will increase prices on some menu items in the U.S. this year in response to rising commodity prices, which are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings conference call Monday.

The fast-food chain said it will raise prices on some items to cover ingredient costs that in some cases will rise as much as 2.5% this year, the publication said, citing McDonald's Chief Financial Officer Pete Bensen. The company held off on boosting prices last year for fear of losing customers who were already being affected by rising prices at grocery stores, the publication said, citing McDonald's Chief Operating Officer Don Thompson.

The company made the announcement as part of its fourth-quarter 2010 earnings release. McDonald's increased its net income 2.1% from a year earlier to $1.24 billion as its U.S. same-store sales rose 4.4% on items such as its McRib and beverages such as its Caramel Mocha. Revenue rose 4% to $6.21 billion.

McDonald's also said Monday that global same-store sales this month are up as much as 5%. The company will make about $2.5 billion in capital investments this year, about half of which will go toward opening about 1,100 new restaurants, McDonald's CEO Jim Skinner said in a statement Monday.


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doonboggle3

Uhhhg! Mc Choke and Puke.Who the hell would eat that crap anyway?

January 25 2011 at 8:31 AM Report abuse rate up rate down Reply
Gary

How many people go in a bar and spend and spend 4 bucks or more for ONE drink

not to mention how much it cost of the cover charge . . Five years ago I could

get a replacement gas tank for my grill for 13.95 , now It's 19.95 , that's a

six dollar increse in FIVE years .

January 25 2011 at 7:17 AM Report abuse rate up rate down Reply
turnkey181

oh who cares. everything goes up. no one stops the oil companies from jacking up their price but when McDonalds does-watchout. Like their food now and will continue to eat it. so i pay a bit more. mite not go as often but will still go there. afterall isnt the world suppose to end in dec. 2012? why suffer now if it isnt going to make a diffence in the end.

January 25 2011 at 2:50 AM Report abuse rate up rate down Reply
Robert

It's called OBAMACARE, It has given the insurance companies a legal way to jack up rates, so instead of the BIG GREEDY McD absorbing the cost like they should they pass it on to the fools that eat there.
Why do people eat that crap and feed it to their kids? DO you not care about your health? OH I forgot
You'll have OBAMACARE.

January 25 2011 at 2:12 AM Report abuse +1 rate up rate down Reply
flysalot2

I wonder why McD's is raising their prices unless maybe China is charging more now for the McNuggets they ship to McD's. Thats right, those are Chinese chicken nuggets you're eating at McD's. Hopefully there is no lead in them. Hey, if people will vote for Obamma they will sure pay more for McD's crap. McD's is counting on it.

January 24 2011 at 9:24 PM Report abuse +2 rate up rate down Reply
gerra171

great american foods mfg a chicken sausage thats 98% fat free, sugar free and 20% cheaper than pork made sausage.

January 24 2011 at 6:57 PM Report abuse rate up rate down Reply
David Shelton

go ahead micky d,s raise your price after making 2.5 billion....i'll just stop comin there...don't threaten me...burger king here i come...wendy's will be just fine...normaly i only eat your crap when i'm in an big hurry and starving

January 24 2011 at 5:35 PM Report abuse +3 rate up rate down Reply
darinw40@mail.com

you can triple those prices...won't affect me a bit..I don't eat that garbage anyway and I make better meals for less!!!!

January 24 2011 at 5:31 PM Report abuse +6 rate up rate down Reply