Democratic Senators Criticize McDonald's for Excessive Price Hikes

Lawmakers question fast-food giant's pricing strategy amid rising profits and inflation concerns.

Senators Elizabeth Warren, Bob Casey, and Ron Wyden have sent a letter to McDonald's leadership, questioning the company's recent price increases.
The senators argue that McDonald's price hikes have outpaced inflation, impacting American consumers significantly due to the chain's market dominance.
McDonald's net income rose by 79% from 2020 to 2023, while operating expenses increased by 16.5% over the same period.
The fast-food chain defends its pricing strategy, citing increased input costs and maintaining that some menu items are priced lower than in 2020.
Lawmakers are seeking transparency from McDonald's on its pricing decisions and the impact on franchisees, amid broader concerns of corporate profiteering.