Tuesday, May 10, 2011

Wendy's/ Arby's Group Warns on Rising Beef Prices

Wendy's/Arby's Group Inc's quarterly profit fell short of Wall Street expectations and the restaurant chain lowered its 2011 profit forecast citing rising beef prices.

Cheer up, though, there is an opposing view from Paul Krugman on the rising prices:

....there’s nothing here to suggest any reason to consider inflation a problem.


  1. Maybe it is rising food costs that are lowering their profits or maybe it is because people no longer want to buy nasty yellow tinted "roast beef" sandwitches for 5 dollars.

  2. They need to study the effects of rising food costs.