Prices up at Golden Arches
<p><span word="Download">Download</span></p><p><span word="McDonald">McDonald</span>'<span word="s">s</span> <span word="Corp">Corp</span> <span word="has">has</span> <span word="raised">raised</span> <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="some">some</span> <span word="set">set</span> <span word="menu">menu</span> <span word="items">items</span> <span word="for">for</span> <span word="the">the</span> <span word="second">second</span> <span word="time">time</span> <span word="this">this</span> <span word="year">year</span> <span word="in">in</span> <span word="China">China</span> <span word="to">to</span> <span word="offset">offset</span> <span word="higher">higher</span> <span word="operating">operating</span> <span word="costs">costs</span>.</p><p><span word="The">The</span> <span word="world">world</span>'<span word="s">s</span> <span word="largest">largest</span> <span word="fast">fast</span>-<span word="food">food</span> <span word="chain">chain</span> <span word="by">by</span> <span word="sales">sales</span> <span word="revenue">revenue</span> <span word="added">added</span> 1 <span word="yuan">yuan</span> (16 <span word="cents">cents</span>) <span word="to">to</span> <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="four">four</span> <span word="of">of</span> <span word="its">its</span> <span word="breakfast">breakfast</span> <span word="and">and</span> <span word="lunch">lunch</span> <span word="set">set</span> <span word="menus">menus</span>.</p><p><span word="It">It</span> <span word="said">said</span> <span word="the">the</span> <span word="move">move</span> <span word="was">was</span> <span word="a">a</span> "<span word="structural">structural</span> <span word="price">price</span> <span word="adjustment">adjustment</span>" <span word="but">but</span> <span word="emphasized">emphasized</span> <span word="that">that</span> <span word="it">it</span> <span word="had">had</span> <span word="left">left</span> <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="some">some</span> <span word="set">set</span> <span word="meals">meals</span> <span word="unchanged">unchanged</span> <span word="and">and</span> <span word="introduced">introduced</span> <span word="value">value</span> <span word="set">set</span> <span word="meals">meals</span> <span word="at">at</span> <span word="the">the</span> <span word="same">same</span> <span word="time">time</span>.</p><p><span word="Earlier">Earlier</span> <span word="this">this</span> <span word="year">year</span>, <span word="McDonald">McDonald</span>'<span word="s">s</span> <span word="added">added</span> 0.5 <span word="yuan">yuan</span> <span word="to">to</span> 2 <span word="yuan">yuan</span> <span word="to">to</span> <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="its">its</span> <span word="Big">Big</span> <span word="Mac">Mac</span> <span word="burger">burger</span>, <span word="soft">soft</span> <span word="drinks">drinks</span> <span word="and">and</span> <span word="pies">pies</span> <span word="due">due</span> <span word="to">to</span> <span word="the">the</span> <span word="pressure">pressure</span> <span word="of">of</span> <span word="rising">rising</span> <span word="costs">costs</span>.</p><p><span word="Since">Since</span> <span word="entering">entering</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="mainland">mainland</span> <span word="in">in</span> 1990, <span word="the">the</span> <span word="US">US</span> <span word="fast">fast</span> <span word="food">food</span> <span word="giant">giant</span> <span word="has">has</span> <span word="opened">opened</span> <span word="about">about</span> 1,400 <span word="stores">stores</span> <span word="across">across</span> <span word="the">the</span> <span word="country">country</span>. <span word="It">It</span> <span word="aims">aims</span> <span word="to">to</span> <span word="open">open</span> 225 <span word="to">to</span> 250 <span word="new">new</span> <span word="stores">stores</span> <span word="this">this</span> <span word="year">year</span> <span word="and">and</span> <span word="to">to</span> <span word="expand">expand</span> <span word="its">its</span> <span word="network">network</span> <span word="in">in</span> <span word="the">the</span> <span word="mainland">mainland</span> <span word="to">to</span> <span word="more">more</span> <span word="than">than</span> 2,000 <span word="outlets">outlets</span> <span word="by">by</span> 2013.</p><p><span word="KFC">KFC</span> <span word="Corp">Corp</span> - <span word="McDonald">McDonald</span>'<span word="s">s</span> <span word="biggest">biggest</span> <span word="rival">rival</span> <span word="in">in</span> <span word="China">China</span> - <span word="which">which</span> <span word="is">is</span> <span word="owned">owned</span> <span word="by">by</span> <span word="Yum">Yum</span>! <span word="Brands">Brands</span> <span word="Inc">Inc</span>, <span word="raised">raised</span> <span word="prices">prices</span> <span word="in">in</span> <span word="September">September</span> <span word="and">and</span> <span word="again">again</span> <span word="in">in</span> <span word="October">October</span>.</p><p><span word="Pizza">Pizza</span> <span word="Hut">Hut</span>, <span word="another">another</span> <span word="restaurant">restaurant</span> <span word="chain">chain</span> <span word="owned">owned</span> <span word="by">by</span> <span word="Yum">Yum</span>, <span word="also">also</span> <span word="raised">raised</span> <span word="some">some</span> <span word="menu">menu</span> <span word="items">items</span> <span word="early">early</span> <span word="this">this</span> <span word="year">year</span>.</p><p><span word="Chief">Chief</span> <span word="Financial">Financial</span> <span word="Officer">Officer</span> <span word="Rick">Rick</span> <span word="Carucci">Carucci</span> <span word="of">of</span> <span word="the">the</span> <span word="parent">parent</span> <span word="company">company</span> <span word="of">of</span> <span word="the">the</span> <span word="Pizza">Pizza</span> <span word="Hut">Hut</span>, <span word="KFC">KFC</span> <span word="and">and</span> <span word="Taco">Taco</span> <span word="Bell">Bell</span> <span word="brands">brands</span> <span word="said">said</span> <span word="during">during</span> <span word="a">a</span> <span word="conference">conference</span> <span word="call">call</span> <span word="in">in</span> <span word="February">February</span> <span word="that">that</span> <span word="rising">rising</span> <span word="food">food</span> <span word="and">and</span> <span word="labor">labor</span> <span word="costs">costs</span> <span word="at">at</span> <span word="its">its</span> <span word="restaurants">restaurants</span> <span word="in">in</span> <span word="China">China</span> <span word="would">would</span> <span word="likely">likely</span> <span word="result">result</span> <span word="in">in</span> <span word="menu">menu</span> <span word="prices">prices</span> <span word="being">being</span> <span word="increased">increased</span> <span word="in">in</span> 2017.</p><p><span word="Another">Another</span> <span word="fast">fast</span> <span word="food">food</span> <span word="chain">chain</span>, <span word="Yoshinoya">Yoshinoya</span>, <span word="said">said</span> <span word="on">on</span> <span word="its">its</span> <span word="website">website</span> <span word="that">that</span> <span word="earlier">earlier</span> <span word="this">this</span> <span word="year">year</span> <span word="it">it</span> <span word="had">had</span> <span word="increased">increased</span> <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="some">some</span> <span word="items">items</span> <span word="by">by</span> 0.5 <span word="yuan">yuan</span> <span word="to">to</span> 3 <span word="yuan">yuan</span>.</p>
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