McDonald’s is one of the companies feeling the heat of inflation, forcing the franchise to raise their prices.
Former McDonald’s USA CEO Ed Rensi argued that inflation is driving every restaurant in the United States “absolutely crazy,” and that the price of products has gone up “substantially.”
“Portion sizes are shrinking. Prices are going up. It’s just insane what’s happening in the restaurant industry,” Rensi told “Cavuto: Coast to Coast” Friday.
McDonald’s says inflationary pressures will stick around in 2022 after profits and sales fell short of estimates.
In the U.S., the Golden Arches burger chain reported that same-store sales – or restaurants open at least a year – rose 7.5% from October to December [2021]. For the full year, same-store sales notched 13.8%, which marked “the highest U.S. annual comparable sales ever reported,” McDonald’s announced in its earnings release back in January.
