McDonald's US President Joe Erlinger Issues open letter statement saying The Average Price Of A Big Mac Is $5.29, Up 21% Since 2019, Says Reports On Price Hikes Are 'Inaccurate'
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McDonald's US President Joe Erlinger issued an open letter stating that the average price of a Big Mac is $5.29, which is a 21% increase since 2019. He also addressed reports on price hikes, calling them 'inaccurate'.
May 29, 2024 | 5:19 pm
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McDonald's US President Joe Erlinger clarified that the average price of a Big Mac is $5.29, up 21% since 2019, and refuted reports on price hikes as 'inaccurate'.
The statement from McDonald's US President addresses concerns about price hikes, which could reassure investors about the company's pricing strategy. However, the impact on the stock price is likely neutral in the short term as the clarification does not indicate any significant change in financial performance.
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