3 Democratic senators question McDonald's CEO on menu price increases exceeding inflation rates.

Democratic Senators Elizabeth Warren, Bob Casey, and Ron Wyden have written to McDonald's CEO Chris Kempczinski, questioning the recent menu price increases, which they claim exceed inflation rates and rising costs. They highlight a 16.5% rise in operating expenses from 2020 to 2023 and a growth in net profit margins from 26% to 32%. The senators stress the need for transparency from McDonald's, particularly as rising prices impact lower-income families.

October 22, 2024
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