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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (9432)10/22/1999 2:24:00 PM
From: Investor2  Read Replies (2) of 15132
 
Maybe this is one reason for the anticipated Fed increases.

In a conference call with analysts, McDonald's said its hourly average labor rate in the U.S. had climbed about 6 percent from the second quarter, which weighed on margins.

``For the quarter, there's a continuing pressure on crew hourly labor rates throughout the industry in the U.S.,' Michael Conley, McDonald's chief financial officer told analysts. ``They do put some pressure on margins and fortunately commodity costs for the most part have been user friendly.'

Best wishes,

I2
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