Looks like McDonald’s is reaping what it sowed. Shit food at shit prices and no one wants to buy?! SHOCKER.
The shareholders probably care, but to the layman, expecting 6.61 billion and only earning 6.49 billion doesn’t amount to much. They’re not going anywhere.
Looking at the stock price movement today, it doesn’t seem like the shareholders care, in fact it went up a significant amount probably because they were thinking it’d be worse. They’ll care if it continues to get worse, but for now they don’t seem to mind.
as a shareholder i also do not care
As a shareholder you should be concerned about high prices, poor service, and filthy stores. Not sure why anyone would want to pay a premium for their product when there are much better options for the same prices.
more concerned with how the large fries box seems half empty every time now 😡😡😡
No offense but you’re probably not holding enough shares for them to care. Unless you own double digit percentages of the company then they couldn’t give a fuck what you think.
i had mcdonald’s for lunch today and was surprised how expensive it is now tbh. i know there’s no £1 cheese burger anymore but how is it £1.79
McDonalds is expensive as fuck, the food fucking sucks, it used to be I liked going there on occasion, to enjoy some cheap stuff, Cheeseburgers used to be like 1 euros. now they are like 2.50, that’s the price of a frozen pizza at a supermarket that I can just throw in to the oven if I am feeling like eating junk food and I don’t even have to go to the City for it, wait in line at the drive thru,etc.
Value for money is the heart of the problem. The quality has been declining for a good while now. I enjoy the occasional junk food meal on the rare times I need to travel. And McDonalds was almost always been my choice. But it’s been a long time since I have even considered them for that quick stop and go meal.
Inflation or not, I will look for the value I get. I ain’t getting it at McDonalds anymore.
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I vote with my spending. If I’m doing all the work ordering, then I should see cheaper prices. McDs is double-dipping. Saving on wages and trying to charge more. Nope.
The plebs are not buying our shiti slop… poor corpos, didnfu nuffin to deserve this!!! RHEEE
Good
I see a lot of people dancing around 2 different points… 1. Fast food costs too much, and 2. The price to value equation sucks now. I absolutely agree with #1, at some point these corporations have to accept that their increased cost of operations (fair wage movements, ingredient costs) do not increase the value of their product. I’m sure they’re doing the math… how much can we raise prices before our sales drop off enough to matter. Sounds like they may have finally hit the break point.
#2, I’d argue, has been true for a very long time. Maybe 20 years ago in the days of value menus, fast food was worth it. It was crap, but it was cheap. But food was way cheaper in general, so cooking for yourself was, and still is, a huge cost advantage. if you’re careful with your shopping and plan meals, you will eat better, healthier, and cheaper than anything else.
I’m not immune to the occasional fast food stop, but I’m always disappointed. I think it is something that’s time has passed and needs to die off.
A two cheeseburger meal costs about eight US dollars where I am. For two dollars more, I can get this humongous burrito from a Mexican restaurant across the street loaded with potatoes, beans, and shredded chicken. For two dollars less, I can get two pieces of fried chicken, macaroni and cheese, and potato salad from the deli counter at the grocery store literally in the same car park.
Good
I guess “consumer pullback” is one way to describe what’s going on with the economy…
The headline uses that term because consumer spending, across the economy as a whole, is up and a healthy amount. The “pullback” appears to be in select subsectors where price increases have drastically outstripped core inflation and/or specific companies who have done so without regard for competitors’ pricing.
What other consumer spending is up? Does that include rent and groceries? I mean, is that “increase” I spending not due to ridiculous amounts of “inflation” (read: corporate profits)?
(Can’t read the posted article since it blocks adblockers apparently)
Real personal consumption expenditures is the most commonly used metric for “consumer spending” and it is adjusted against inflation. That is the number which is seeing 0.3-0.5% growth month over month, in 2024. There are other ways to measure consumer spending which are not adjusted against inflation or may only target baskets of goods.
(Can’t read the posted article since it blocks adblockers apparently)
Thank you.
It shouldn’t (still) surprise me, but it always does…when people do drastically misunderstand or misinterpret economic information.
In fairness, this is a new development as far as economics goes. It’s very unusual that a fast food burger is as expensive as a sit down restaurant. Which is why we’ve used things such as the Big Mac index for understanding purchasing power. Prior to this, it was assumed that fast food was a kind of essential item that arrived at its lowest cost.
and “consumer saying ‘hey waitaminute, i don’t actually need half the bullshit they’re telling me i can’t live without…’”
Some talking heads on NPR were discussing the economy and how this was “the first time Millenials were seeing inflation” and how the economy is just waiting for consumers to “adjust”. This in the context of them also basically saying there needs to be more unemployment so wages don’t get higher.
It’s like victim blaming or something, corporations went on a price gouging spree during the pandemic and now we all have to learn to deal with it so Wallstreet can go back to business as usual, and they’re getting all pissy that people’s response is simply finding ways to spend less, instead of giving up their last nickle.
Funny how they never talk about corporations needing to tighten their belt or “adjust their expectations” to paying higher wages.
They want to reverse that then lower their prices to account for actual inflation.
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If you have any questions or comments about me, you can make a post to LW Support lemmy community.Last time I went to McDonalds it was almost as much as a decent pub burger.
Why wouldn’t I just go there and get twice the quality unless I was close by and totally pressed for time?
McDonald’s has long forgotten what is supposed to be. Cheap, low quality food. Now it is expensive, low quality food. Like you said…you can get a better burger at a restaurant for the same price if not lower. Longhorn Steakhouse has a burger lunch special for $9.99
Just before COVID they had started to do a bit of a rebrand. They drove the prices up a little they had a decent chicken sandwich that was made of chicken breast. They brought in better buns the burgers were still s*** but the quality was a lot higher and the price was moderately higher. After COVID hit they scrapped all the fancy stuff for the menu and kept the high prices then inflation hit and they doubled those high prices.
The Whataburger sweet g spicy burger combo is all of like $12 and change after tax. And that’s the large size.
And their food is actually pretty good.
Whataburger
They always decent fasr food that was better than mega corps had to offer. Goot o see them still fighting the good fight lol
They aren’t, this guy is on crack. They got sold off, and their quality has suffered quite a bit.
Thanks for heads up. I feeling boomer right now
You’re much older than a boomer Mr. Sun Zu
Also there are fast food alternatives to McDonalds as well.
IMO, Wendy’s has much better burgers. Haven’t had Carl’s Jr’s in a long while but I remember their “$6 Burgers” were pretty good.
Burger King, the meat quality seems to have gone downhill. Like an unchewable but in each meat patty. They used to be my favorite.
Edit: the “$6 burger” is now called the thick burger since it now costs more than $6
I had Five Guys for the first time ever last year and I was surprised by how good their burger was. The prices were a little shocking, but the food was not bad.
Went to Five Guys and made the mistake of ordering the Grilled Cheese.
It was a burger bun, turned inside out, with a sad slab of half-melted American cheese between the pieces.
Never going back.
Just don’t get the grilled cheese. Their burgers are fuckin bomb though.
And their Cajun fries are pretty damn good, too.
The only reason I’ve only ever eaten at 5guys once is the fact that the place is just stupid with peanut shells.
Huh. Not where I went.
Welcome to Carl’s Jr!
Fuck you. I’m eating!
Please come back when you can afford to make a purchase!
I’m baitin’
Dairy Queen has a $6 meal deal with a burger, fries, drink, and a sundae. All of it far better than MCD.
There’s also an option of chicken strips instead of burger if you want chicken instead of beef
In Canada, A&W has cheaper prices for WAY better quality food. It was a few years back we were enjoying some “as a treat” and realized it was not just significantly better than McD’s, but also much cheaper, and we decided we just weren’t going back.
My household is partial to a couple of chicken buddy burgers in a time crunch.
I’m in Canada and I tell my kids about the days when McDonald’s jr chicken or cheeseburgers were a $1 regular price. I even remember McDonald’s doing a $1 big Mac promotion. I ate like 50 big Macs that month
I went to McD’s a week ago for an Egg McMuffin meal with an extra hash brown and a large Coke for the drink: $15.00. Less than 2 years ago, this exact meal was like $5.
I hope they go down in flames at this point.
I agree with you wholeheartedly. I do wonder how much of this is brought up from vendors being greedy as well towards McD?
What vendor is going to be able to out muscle McDs?
The one who sells the McFlurry machines for one
Isn’t that some weird incestuous buisness relationship between McDs corporate and the vendor that just so happens to screw over the franchises?
I mean yeah, but I wonder how many other vendors so this kind of crap to franchises. Again, not taking any blame towards McD (they can fuck off into the sunset), I was just wondering if there was even a small percentage of chance that vendors could also have something to do with the price increases.
In the short run yes. In the medium run, no. The big corporations will buy them up and cook the books for tax write offs. McDonald’s jacked up prices only to jack up corporate profits, no other reason.
But they forgot the market they’re in, and they are worried that the general public has remembered.
MacDonwells!
I don’t understand getting to the drive-thru and seeing those prices and ordering the food anyhow. Why don’t you just tell the person, “actually, never mind. this is too expensive?”
Go to a grocery store nearby and grab a deli sandwich and fountain drink. At least it’ll be fresh food.
If you are pressed for time and/or have your hungry kids in the car then a couple of dollars isn’t a big deal. But that doesn’t mean those consumers are going to come back again after getting burned by high prices.
Starbucks raised the price of my iced coffee and changed the recipe for the brew. I still ordered and drank it, but I have cut my visits from three or four times a week to only once in the last three months. This means they lost out on not only my drink revenue, but the revenue on what I would have ordered for my wife and kids as well.
So, you’re now drinking something you don’t like only a few times? Just go somewhere else.
My man, sometimes there is no where better to go and you just make due.
The ones near me have a concrete curb that prevents people from leaving. You can not order, but you are sitting there waiting for everyone else to get their food.
So? You’re not forced to buy anything. You’re actually getting out quicker if you don’t. No shame in leaving. Vote with your money.
our troops are merely passing through the area
Yes, but then I’ll have to get out of my car like some sort of animal. /s
But then you’ll finally get some exercise and do something about your sat-in bean bag chair physique. /s
I don’t actually own a car. I bike everywhere. Hence the /s
The sarcasm was about the car and not about being “some sort of animal”?
Was all that just so you could tell us you bike everywhere? /s
No, the /s was to show I was mocking others who do this exact thing and have this exact thought process. Why would I care if people know I bike? I live in a city where biking is way more prevalent than cars.
Coke for breakfast, yuck
Edit: you can downvote all you want, I’m not wrong. If you’re drinking coke for breakfast, you’ve got issues, maybe negligent parents.
Thats ok, you can have something else.
Same as coffee.
Coffee is what people drink for breakfast. If you’re drinking coke for breakfast, you probably had negligent parents.
Oh yeah, they were the worst. You have no idea.
Pretty sure coffee isn’t made of high fructose corn syrup
Neither is coke in most of the world, that’s an American thing.
Sugar or HFCS, if you’re putting 1/4c of sugar into 12oz of coffee, you have serious problems.
Cane sugar is not much better…
The best choice is fresh water from a glacial stream, but I guess you just have to set your standards somewhere.
Your standard is set at having 1/3 cup of sugar in 3.5 cups of water? You do know that cane sugar is also terrible for you, right? The difference between cane sugar and HFCS is a slight difference in mix of fructose to sucrose. Cane sugar is 50/50 and HFCS is 55/45. They are both very bad for you.
Your standard does not have to be your hyperbolic example. Simple tap water is fine (excluding Flint, MI). Or if you need a sugar fix, maybe get a small/medium? Still not great for you but 80g of sugar is a fuckton of sugar cubes.
Coffee is not unhealthy when consumed in reasonable (normal) quantities and assuming you don’t pour a quarter of a cup of sugar in there. Which most people don’t, unless they’re getting a “coffee beverage” like a frappe or whatever.
I went to college with a guy from Uganda who would start off his morning by filling his coffee mug 2/3 full of sugar and then topping it off with a bit of coffee. It wasn’t even enough liquid to fully dissolve the sugar.
That addiction’s real. Gotta take the edge off somehow
Seriously though, that sucks and it’s super sad
The addiction is probably just caffeine. Try coffee or tea.
I mean, sure, if that’s the only drug/addictive compound you think it contains
Regardless, I was moreso referring to the millions of people down south that drink coke daily with breakfast. I would never, but I can see how you assumed that
Nah, it could easily be for the sugar. When I was in high school (before I learned to properly take care of myself) I’d regularly have a redbull and a Mt Dew for breakfast multiple times a week just because I needed the caffeine and the sugar to get through school (and then working till 10 at night and having even more soda).
Very good point–I had forgotten to consider the sugar.
Yeah gross. Everyone knows dr pepper is the breakfast sort drink.
Trying not to be an ass with this info:
A large McDonalds coke is 290 calories and 77 grams of sugar (153% DV). Even a small is 150 calories and 39 grams sugar (77% DV).
I get it, I don’t like my lifestyle being attacked either and I freely admit I consciously choose some unhealthy options in my life such as having a few drinks a week and eating fatty foods or cheesecakes now and then.
But please, if you are starting your day by slamming 70 grams of sugar in your face, please reconsider lol. It’s gonna give you diabetes and ain’t no regular American can afford that.
That doesn’t even take into account what they add to the food itself 😟
Starbucks mocha cookie crumble frappuccino, grande size: https://www.starbucks.com/menu/product/956/iced/nutrition
480 calories, 55g sugar.
2 cups of cap’n crunch crunchberries: https://www.capncrunch.com/products/cap-n-crunch-s-crunch-berries
340 calories, 34g sugar. Not including milk.
Just for comparison.
My family and I live on opposite sides of the country. My dad likes to come visit pretty regularly, and I used to be concerned at how little he drank. He drank beer, but barely took a few sips of water here and there.
It wasn’t until, like, his fourth visit that I realized that he drinks soda. I now stock juice when he visits. Still sugary, but I’m not stocking soda for him. Anything left when he went home would just have to be poured down the drain.
I had forgotten that many Americans just don’t drink water. And yes, he is pre-diabetic (but not overweight, remarkably enough).
I wonder how much more money they’d have if they hadn’t renovated all their locations into ugly grey slabs of brick and glass?
We used to be a PROPAH countreh
Bring back the burger stools.
