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]

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

CPAs No Longer Have to Be CFOs When They Grow Up

“The Street doesn’t care about accounting functions any longer. They don’t get into the nitty-gritty anymore.” — Richard Bove, an analyst at Odeon Capital Group LLC, told the Wall Street Journal when asked why accounting expertise seems to be no longer required for the CFO role. According to data from Korn Ferry, only 36% of […]

Ex-Deloitte CEO to Get Free Big Macs For Life

OK, we don’t know if that’s actually true, or if Cathy Engelbert even likes McDonald’s signature “two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun” sandwich, but the former Deloitte CEO and current commissioner of the WNBA is the newest director on Mickey D’s board. The Golden Arches announced today: […]