Current:Home > MyTop McDonald's exec says $18 Big Mac meal is "exception," not the rule -Streamline Finance
Top McDonald's exec says $18 Big Mac meal is "exception," not the rule
View
Date:2025-04-12 11:54:36
A top McDonald's executive on Wednesday decried "poorly sourced reports" that the fast-food giant has hiked its prices faster than inflation.
"I can tell you that it frustrates and worries me, and many of our franchisees, when I hear about an $18 Big Mac meal being sold — even if it was at one location in the U.S. out of more than 13,700," Joe Erlinger, president of McDonald's USA, said in a letter posted on the restaurant chain's corporate website. "More worrying, though, is when people believe that this is the rule and not the exception, or when folks start to suggest that the prices of a Big Mac have risen 100% since 2019."
Erlinger said the average cost of a Big Mac is now $5.29, up 21% from $4.39 in 2019. McDonald's menu prices "remain well within the range of other quick service restaurants," added.
"Inflationary pressures have affected all sectors of the economy, including ours," Erlinger said. "Our franchisees (who own and operate more than 95% of all restaurants in the U.S.) set menu prices for their restaurants, which account for the increased costs of running their businesses."
Erlinger's letter comes nearly a year after a McDonald's customer in Connecticut went viral on social media for posting about a Big Mac combo meal priced at a $17.59.
The average price of a Quarter Pounder with cheese grew is now $5.39, up 20% from $4.49 in 2019, Erlinger's letter states. The average price of an Egg McMuffin is $4.29, up 23% from $3.49 in 2019, while the average cost of a 10-piece McNuggets meal is $9.19, up 28% from $7.19 five years ago.
But Erlinger also said McDonald's franchise owners have sought to keep a lid on prices. The letter comes amid signs that at least some Americans are reducing their fast-food consumption because of rising costs.
A January poll by consulting firm Revenue Management Solutions found that roughly a quarter of consumers who earn less than $50,000 a year were cutting back on fast food because of concerns about the price.
McDonald's is planning to launch a limited-time $5 meal promotion in an effort to attract budget-conscious customers, while rivals such as Burger King and Wendy's are offering similar deals. More than 90% of McDonald's franchisees now offer meal combos for $4 or less, Erlinger said.
"I fully expect the prices at your local McDonald's to be an area of conversation and focus in the coming months," he said. "As it does, I hope you'll see the programs we're launching nationally and locally as meaningful to you."
- In:
- McDonald's
Khristopher J. Brooks is a reporter for CBS MoneyWatch. He previously worked as a reporter for the Omaha World-Herald, Newsday and the Florida Times-Union. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy.
TwitterveryGood! (9)
Related
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Florida braces for Hurricane Milton as communities recover from Helene and 2022’s Ian
- College football bowl projections get overhaul after upsetting Week 6 reshapes CFP bracket
- Sean “Diddy” Combs Hotline Gets 12,000 Calls in 24 Hours, Accusers' Lawyer Says
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Browns QB Deshaun Watson has settled sexual assault lawsuit, attorney says
- What does climate change mean to you? Here's what different generations say.
- Kyle Richards Influenced Me To Add These 29 Prime Day Deals to My Amazon Cart
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- New charges filed against Chasing Horse just as sprawling sex abuse indictment was dismissed
Ranking
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Martha Stewart Shares Her Issue With Trad Wife Phenomenon
- En Honduras, los Libertarios y las Demandas Judiciales Podrían Quebrar el País
- Cattle wander onto North Dakota interstate and cause 3 crashes
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- Georgia wide receiver arrested on battery, assault on unborn child charges
- Judge gives preliminary approval for NCAA settlement allowing revenue-sharing with athletes
- Charlie Puth Reveals “Unusual” Post-Wedding Plans With Wife Brooke Sansone
Recommendation
Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
Why Lisa Marie Presley Kept Son Benjamin Keough's Body on Dry Ice for 2 Months After His Death
FEMA administrator continues pushback against false claims as Helene death toll hits 230
Red and green swirls of northern lights captured dancing in Minnesota sky: Video
FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
NFL Week 5 overreactions: What do you mean Cleveland isn't benching Deshaun Watson?
Appeals Court Hears Arguments in Case Claiming Environmental Racism in Cancer Alley Zoning
Oregon strikes an additional 302 people from voter rolls over lack of citizenship proof