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Walter Bloomberg Walter Bloomberg @walterbloomberg · 32.2K subscribers
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MCDONALD’S CEO: HIGH INFLATION IS HERE TO STAY

McDonald’s CEO Chris Kempczinski says weak customer traffic and persistent inflation are becoming the new normal for the restaurant industry.

U.S. same-store sales rose just 0.8% last quarter, while restaurant traffic declined.

With beef, labor and construction costs elevated, McDonald’s plans to compete aggressively for market share, while remaining cautious about further menu price increases.
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