综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

Prices up 1 yuan at McDonald's

By Li Woke (China Daily) Updated: 2012-05-16 10:30

Prices up 1 yuan at McDonald's

A McDonald's Corp employee in Beijing adjusts the sign of a promotional item. Earlier this year, McDonald's increased the prices of its Big Mac burger, soft drinks and pies due to the pressure of rising costs.?[Photo/Agencies]

McDonald's Corp has raised the prices of some set menu items for the second time this year in China to offset higher operating costs.

The world's largest fast-food chain by sales revenue added 1 yuan (16 US cents) to the prices of four of its breakfast and lunch set menus.

It said the move was a "structural price adjustment" but emphasized that it had left the prices of some set meals unchanged and introduced value set meals at the same time.

"I can still afford the present prices as my daughter loves (the food), but if it goes too far, I will visit less often," said a customer at a McDonald's outlet in downtown Beijing.

Prices up 1 yuan at McDonald's

Earlier this year, McDonald's added 0.5 yuan to 2 yuan to the prices of its Big Mac burger, soft drinks and pies due to the pressure of rising costs.

Since entering the Chinese mainland in 1990, the US fast food giant has opened about 1,400 stores across the country. It aims to open 225 to 250 new stores this year and to expand its network in the mainland to more than 2,000 outlets by 2013.

KFC Corp - McDonald's biggest rival in China - which is owned by Yum! Brands Inc, raised prices in September and again in October.

Pizza Hut, another restaurant chain owned by Yum, also raised some menu items early this year.

Chief Financial Officer Rick Carucci of the parent company of the Pizza Hut, KFC and Taco Bell brands said during a conference call in February that rising food and labor costs at its restaurants in China would likely result in menu prices being increased in 2012.

Another fast food chain, Yoshinoya, said on its website that earlier this year it had increased the prices of some items by 0.5 yuan to 3 yuan.

In February, coffee giant Starbucks Corp added 1 to 3 yuan to the prices of some espresso-based beverages and fresh-brewed coffee to offset higher costs.

"Costs of raw materials, property, labor and transportation have been increasing and that's expected to continue, so it's inevitable that restaurant chains hike product prices to protect margins," said Gong Bo, industry analyst with Beijing United Innovation Capital Ltd.

The consumer price index rose to a three-year high of 6.5 percent last July, but by the first quarter of this year, it had fallen to 3.8 percent, according to the National Bureau of Statistics.

liwoke@chinadaily.com.cn

Prices up 1 yuan at McDonald's

Hot Topics

Editor's Picks
...
星子县| 武功县| 宣武区| 泸溪县| 枣强县| 永德县| 沂源县| 都昌县| 宜良县| 科尔| 民乐县| 白山市| 临澧县| 蚌埠市| 晋州市| 广元市| 齐齐哈尔市| 克山县| 宣武区| 石城县| 余干县| 涟源市| 农安县| 吴江市| 木里| 宁强县| 大关县| 上杭县| 平谷区| 宁陵县| 许昌市| 巧家县| 平山县| 辉南县| 霍山县| 葫芦岛市| 陇西县| 南雄市| 莎车县| 井陉县| 平邑县|