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update 5-mcdonald's warns of higher food inflation - the best gas bbq grills

by:Longzhao BBQ     2020-04-29
update 5-mcdonald\'s warns of higher food inflation  -  the best gas bbq grills
* Q1 profit $1.
$15 per share vs $1 Street View.
14 * increase in food prices in the United States and Europe * plan to increase slightly this year * will sacrifice a certain amount of protection of traffic * share price fell 1. 5 percent (
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Lisa Baertlein, Los Angeles/new york, Phil Wahba, April 21 (Reuters)-
McDonald's Corporation (MCD. N)
Prices for beef, dairy and other goods are expected to rise and said they will be cautiously raised to continue to attract diners who are struggling to cope with higher grocery and gas bills.
Shares fell 1.
5% prior to that, the world's largest hamburger chain said it plans to offset some (but not all) of the rising food costs with small price increases throughout the year ).
The result of McDonald's is a day after the opponent Yum Catering Group Co. , Ltd (YUM. N)
China's strong growth has masked rising food and labor costs, the report said.
Mexican barbecue (CMG. N)
With almost all of the 1,100 restaurants in the United States, rising food costs have boosted its profits.
McDonald's and other restaurant operators are being squeezed by the acceleration of food costs, and they have to figure out how to raise prices without scaring away already nervous diners.
Steve West, analyst at Stifel Nicolaus, said: "It is difficult to go up through the price now . ".
McDonald's chief executive Jim Skinner said customers were "squeezed everywhere ".
They should not suffer the same fate at McDonald's.
Peter Benson, chief financial officer, said the company would sacrifice some
Protect long-term profitsterm growth.
He added that McDonald's found the right way to raise prices in a fragile economic era.
McDonald's now expects food prices to rise between 4% and 4.
This year there are 5% in the United States and Europe.
This is the call to rise from the previous 2% to 2.
The United States increased by 5% and 3. 5 percent to 4.
In Europe 5%[ID:nN24223102].
In the United States, McDonald's menu prices rose by 1% and plans to rise further.
Prices in Europe have risen the same way, and the company plans to raise prices in China.
When it comes to raising prices, West says McDonald's has an advantage because it attracts higher prices.
Income from other fast food restaurantsfood chains.
It could be the best luck, he said, to increase the price of premium burgers and coffee drinks that attract these customers.
After struggling in the recession, McDonald's has outperformed its rapid growth.
Food peers expand their appeal by updating the menu, surpassing the young men who account for the largest share of most other fast food --food chains.
"The bottom line is that they are still doing well in terms of revenue growth," said Peter jankovski.
Chief investment officer, Oakbrook investment.
Analysts are still worried that high oil prices could force
Customers in restaurants reduce their expenses.
But jankovski says McDonald's is more capable of responding than others.
McDonald's has about 32,700 restaurants around the world.
There are 14,000 units in the US alone, which means that customers do not have to travel far to reach one.
"The biggest test will come in the summer and the price of gasoline will remain near $4. 00 (a gallon)--
"That's where McDonald's has an advantage," he said . "(here)
In the United States, sales of restaurants operating for at least 13 months increased by 3% to 4.
Europe 9%, up 0.
McDonald's is 5% kilometers across Asia Pacific, the Middle East and Africa.
Skinner said that the results in Asia were adversely affected by the Japanese earthquake and tsunami, but the impact on overall income was "very small ". First-
Net income for the quarter increased by 10. Between $ 9% and $1.
21 billion, or $1.
According to Thomson Reuters I/B/E/S, £ 15 per share exceeds analysts' profit outlookTotal first-
Gold Arch's quarterly revenue rose 9% to $6.
1 billion, sales are in the leading position in Europe.
But operating profit margins fell to 17.
7% from 18.
The cost of food and paper has risen by 2%.
The cost of food and paper is £ 33.
Sales for the quarter were 6%, compared to 32.
9% a year ago
McDonald's shares fell 1.
5%, or $1. 17, to $76.
Afternoon trading on the New York Stock Exchange on the 23rd(
Edited by Maureen Bavdek and gunned letter)
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