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McDonald’s: Food Costs Will Rise By Up To 4.5 Percent This Year

NEW YORK/LOS ANGELES (Phil Wahba and Lisa Baertlein) – McDonald’s Corp said higher costs for beef, bread and other items cut into its quarterly margins and that inflation for the year would be worse than expected.The inflation comments on Th…

NEW YORK/LOS ANGELES (Phil Wahba and Lisa Baertlein) – McDonald’s Corp said higher costs for beef, bread and other items cut into its quarterly margins and that inflation for the year would be worse than expected.

The inflation comments on Thursday sent shares of the world’s largest restaurant company down 2 percent, even though strong sales helped McDonald’s post a first-quarter profit that beat expectations. March sales at established restaurants also rose more than expected.

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