McDonald's Corp. blew past Wall Street's profit expectations and posted a strong second quarter Wednesday, despite weak consumer confidence and soaring commodity costs.
But with ingredient costs expected to remain high—the hamburger giant forecast a significant jump in its beef costs— Oak Brook-based McDonald's may raise prices on its popular dollar menu.
This will probably mean that Maryann and I will be going out to dinner less on The Dollar Menu. Read more from McDonalds if you wish:
http://www.chicagotribune.com/business/chi-thu-mcdonalds-earnings-jul24,0,3978574.story (http://www.chicagotribune.com/business/chi-thu-mcdonalds-earnings-jul24,0,3978574.story)