CLAIM #38877 · McDonald’s Corporation (MCD) · 2021Q3 earnings call · Oct 27, 2021 · due Dec 31, 2021
“Last quarter, I think I talked about how we were seeing roughly a 6% increase year-over-year in the U.S. We are still seeing that and that -- that's pretty much the level we expect for the full year 2021 over 2020 right around that 6%.”
Kevin Ozan · CFO
In context
“eopening, stimulus benefits, unemployment benefits, rolling off. And so, we weren't sure how much that would impact our results and are pretty pleased that we're still able to achieve the double-digit comps. And so, I think we feel pretty good about going into fourth quarter right now in the U.S. Mike Cieplak : Our next question is from Eric Gonzalez with KeyBanc. Eric Gonzalez : The question is on pricing. I'm just wondering if you can comment on the current level of pricing in the U.S. system and maybe discuss what you think is the appropriate level in the current environment and whether you're seeing any consumer push back. Kevin Ozan : Yeah. Thanks for the question, Eric. Certainly, pricing and cost pressures are a bigger focus over the last few quarters than they had been previously. Last quarter, I think I talked about how we were seeing roughly a 6% increase year-over-year in the U.S. We are still seeing that and that -- that's pretty much the level we expect for the full year 2021 over 2020 right around that 6%. And that's really to cover both labor cost pressures and commodity cost pressures that we're seeing. If we step back for a second, obviously, we're all seeing the environment out there on a global basis, which is some pressure on commodities, certainly some pressure on labor availability and cost, supply chain disruptions, et cetera, that are all putting some pressure. We haven't seen, I’ll say, any more resistant to our price increases than we've seen historically. So that the 6% has been pretty well received by customers. We do certainly have a very big focus to make sure that we are balancing cost pressures and being able to cover those with making sure that our value perceptions by customers continue to be favorable. And we are continuing to see those surveys and scores from a value”
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SEC filings for MCD ↗ · Claim quote is verbatim from the 2021Q3 earnings call.