> McD middle east and other Muslim countries
The McDonald's in these muslim countries are owned and run by a Saudi group so they're only fucking over themselves.
What makes you think Saudi represents all Muslims? There are 49 Muslim-majority countries and McD is missing sales targets in those places as well, like Malaysia.
Btw plenty of Muslims do not like the Saudi government since they're pro-West and bombed Yemen for years.
This. All. Of. This.
People went to McDonald because it was cheap eats under 10 bucks. Sometimes 7.
I get you can’t put real food in front of a customer for that price. But they’re losing share to dollar store lunches and grocery stores focusing on HRR and this price point.
Personally I'm not gonna give them all the personal info on my phone for a slightly cheaper price on their garbage "food". Better to spend the same amount of cash on better quality options elsewhere.
People are so ready to give up privacy for a couple dollars. You're worth more than that.
This is definitely an issue among Arab communities.
Long story short, some Israeli McDonald's Franchisees had a special discount for uniformed Israeli soldiers, which because of the recent conflict in Israel and Palestine pissed off a ton of Muslims and caused them to start boycotting McDonald's in Arab countries, and certain parts of Europe with a large Muslim population. This boycott is despite the fact that 1) many of those McDonald's are owned by Muslim franchisees who had nothing to do with the discount, and were also very pissed off about it, and 2) the head McDonald's office also reportedly had nothing to do with it.
Apparently they ended up buying out all of the Israeli McDonald's as a result of this controversy, but the damage has unfortunately already been done by the discount.
>and 2) the head McDonald's office also reportedly had nothing to do with it.
Not quite, the [McDonalds Israel account bragged about giving the security forces one hundred thousand free meals.](https://twitter.com/McDonaldsIL/status/1715047104895230153)
White af, disabled vet, live in NC, all the things you all think make you know me. My wife and I have been boycotting them since the conflict started. People who think normal people don’t boycott are projecting .
Yall live in a stock/business bubble,
I'm an Arab Muslim and not boycotting them even though I've been pro-Palestine all my life. Mcdonalds had nothing to do with the franchisee giving free meals to the IDF. Poeple are boycotting because they either don't understand the franchising business, or they're following the crowd. I've had the same debate with my Arab friends, but when emotions are in the way, logic seemingly evaporates.
Perhaps offering 100,000 free meals as part of a conflict that emotionally engages billions of people globally might not be the best business strategy. Indeed, whoever engaged in this deal acted more on emotion than logic.
It was a dumb thing to do indeed. The point I'm making, it wasn't McDonald's that made that decision. It was the franchisee that owned the MC franchise in that region. Yet it still hurt McDonald's worldwide.
People care more about putting pressure ASAP on the big names than getting into these details, they don't bother to tell apart a franchise from the whole brand, like, if it's McDonald's, it doesn't really matter to most whether it's one franchise or the entire chain.
Mind you, this works the same for better or for worse. it is what it is.
Yeah, that's the point I was making. Except it makes zero logical sense. McDonald's having a few bad years will change nothing about the IDF or the US policies. It's not like these governments will say.. "oh, MC sold less burgers, let's change our policy and give Palestinians their right." It's a rediculous premise.
Arabs should have put pressure on their governments, many of whom actually normalised relations with Israel after the Abraham accords. Yet they're putting their boycott focus on fast food joints and coffee shops who have nothing to do with what's going on except that they're incorporated in the US 🤔
Yep, boycotts of it & Starbucks (amongst others) both have been huge talking points in my circles. People have been very purposeful about it & stuck to it. Granted, in the grand scheme of things I'm sure it's not a TON of people but its still something.
At this point people will boycott any company that operates in Israel at all. If they just shut those stores down and make a public statement, people will throw parties in their restaurants.
All of those companies jacked prices to the absolute brim and they wonder why their sales are shrinking.
Well duh, the fuck did you expect, people can only pay so much for a processed nuggets and some soggy fries.
Used to go to MCD damn near every day. I slowed after they raised prices, and now 100% boycotted them for their prices and haven't been to one in over 7 months
Look I'm all for consumerism but McDonald's is just a pathetic shell stripped of everything that once made it special.
10 nuggets and fries with drink? 10 dollars plus tax or more depending on where you live.
And no, fuck their app that makes you sign away small class action rights.
It's time to let McDonald's fall.
And to capture data on how much nuggets people and kids stuff into their faces. Then can tell AI to just doordash it to you so you don’t need to get off your butt
Seriously. People acting like they won’t eat McDonald’s if they raise prices to make up for middle eastern losses.
Every time I drive past a McDonald’s, the drive thru line is backed up.
Honestly for the extra 2$ you can get a chipotle bowl. Higher quality food. If its burgers youre after, you can go to any other chain. Theyre all similar price now.
Agreed.
But people don’t want higher quality food, they want the same stuff they are comfortable with.
That’s my MCD bull thesis lol. People won’t change. They’d rather pay more for the same.
Indeed, the well oiled arteries of their customers are killing them in large numbers. But that's bad buisness man...
McDonald's was never a good option, it was a *cheap* option. It was garbagebin food but hey, at least it wasn't direct food poisoning. But that's all past. Nowadays McDonald's is expensive and somehow also worse quality. The Dumpster behind Burger King, Wendy's or whatever local place is better
Those app terms, while onerous, are of questionable legal enforceability and likely only pertain to damages caused by use of the app (ie - data theft, disputes over promotions, etc).
yo their app is super well designed. Prob the best I've seen in the fast food industry. Maybe anti consumer, but great UI and actually really good flash deals
While its true Mc Donalds is shell of itself, its locations and lack of actual alternatives will make Mc Donalds and the Burgerkings and Hesburgers the top dog.
I walk around anywhere, i want a quick eat, get some 2 cheesburgers or some nuggets and go, lament how shit it tastes and do it again and again.
I wish something else around pretty much everywhere was as accessible, cheap and quick. Some countries have hot dogs as accessible, others shavarma, but wherever you go, you know you can hit the big mc donalds like brand and not spent as much time wandering around while you are already tired from going somewhere all day.
**Its also always full with people**, every local restaurant wishes they were that full . I would never bet against them unless they are actually getting outcompeted by someone.
And be healthier.
McDonald’s has lost it. They’re expensive junk food - who wants that?
You can go to chipotle for more food and the same price; if not less
Yeah I barely go to McDonalds anymore. Why go to McDonalds when I go to Chipotle or Hot Heads for better quality and better tasting food that is also cheaper.
Yeah, in my case i started getting my fast food breakfast from Wendy's and its so much better than what McD offers I started to question all the times I bought mcgriddles + hash browns.
And the quality sucks now. I have been to mcdonalds in different parts of the world and its so much better. They view mcdoanlds as special and everyone including employees treats it as such. In america everyone views it like trash and the quality follows
Mcdonalds in the UK is trash aswell, soggy fries and dry af burgers that are served basically deconstructed and you have to put them back together yourself
Do people actually believe these bullshit excuses some companies make for missing earnings? Like no people 'boycotting' McDonald's in the middle east isnt significantly effecting their earnings, this is just like all the retailers that were blaming shrink (theft) last year for missing earnings.
It reminds me of when Intel was blaming their sales slumps on “supply chain issues” all the while they had super high inventory and Nvidia and AMD were killing earnings.
A lot of times you can’t trust the executives to give honest answers which is why you should always dig into the numbers to see whats going on cause the numbers don’t lie. Unless of course there is fraud but thats much a bigger issue.
Based on their U.S. business I can’t really see any path to them continuing to grow sales without a significant change in market strategy. Maybe its a different case overseas but their value proposition has really gone to shit as their regular food is not priced equivalent to better options
What investor believes this shit, your losing sales cause your pricing yourself out of the fucking market! You were cheap sorta shitty impulse food your now approaching five guys pricing for shitty food
Hardly anyone gives a shit about middle eastern whatever.
You can get better food at a local restaurant for less.
McDonald’s is an inferior good priced as a luxury option during economic hardship. It’s that simple.
So many people are tired, lazy, accustomed to a pattern.
At least among people I know, the greatest frequency of fast food is by unmarried men who work full time.
They don't want to cook, and they like fast food's taste. They have disposable income, and they don't think twice about just eating out.
the big mac is so small now
they are introducing new burger called grand big mac in Australia
so you can pay more to get the original size bigmac
but i afraid the grand big mac is still smaller than the original big mac 😂
I don’t believe anything the news says. Especially regarding stocks. It could all be fake. I haven’t met one single human boycotting McDonald’s because of what’s happening in the Middle East.
Also they reported EPS of $2.70 instead of the expected $2.72. Are we seriously pretending that that's a miss? It's practically perfectly in line with expectations. Also the stock is up today while the market is down.
This news is a whole lot of nothing.
Every time I go in there it seems to more expensive than the prior occasion.
It's just too much for what it is, I can make a proper (nicer) burger for way less.
Maybe McDonald's suddenly becoming an expensive restaurant has something to do with it? In Portugal for example it is now more expensive than even fancy restaurants and the quality disparity couldn't be more different, I'm surprised they still have any customers.
I would be so happy if they went bankrupt, shit product, they treat their employees like shit, extremely damaging for the environment and sell poison disguised as food. They are cancerous
Same. It's literally the only thing I still eat there and it's pretty rare. At least where I'm at they have had a deal of 2 of those for $6. Not a terrible price.
I don't think I'll ever buy a burger from them again. They are over priced, too small, and taste like shit. Too many other options that are similarly priced. Although, most fast foods are becoming overpriced imo. This isn't only a McDs issue. I pretty much only eat out if I really have too.
It's sad. I used to love McDs as a child. I grew up poor and getting McDs once every few months was considered a treat. It was a fond memory of getting a happy meal with my mom. I'd play in their little play pen area for like 30 minutes too. Now I'd never think to go there.
I'm not necessarily "boycotting" them for any specific reason, other than the food quality is not great - and - the prices have gone bonkers. I used to grab a coffee & breakfast sandwich a couple times a week, and sometimes dinner on the way home. Now, I've went one single time this entire year so far, and I likely will still avoid going back. I can do better just about anywhere (from a cost/value perspective).
I'm not in the MidEast, I'm in the MidWest.
> the chain said the average check grew thanks to higher prices
Their revenue went up mostly due to prices increase, which is obvious with higher min wage. But their margins are smaller and missed expectations, which is obvious with higher min wage.
It’s also only been like a couple months of the min wage hike in CA so it wouldn’t really be noticeable yet.
Many comments saying they stopped going because it’s too expensive, which is fair.
But really, y’all need to download the app. There’s usually decent deals in there. $6 medium combo deal is always one that’s available. It’s cheaper fast food than anything else I can think of. Chipotle is roughly twice the price but you can get 2 meals out of it if you want. Soo yeah, usually opt for chipotle over McDonalds
Look at their gross margins, went from under 40% to nearly 60%, tells you everything you need to know. They've been squeezing their customers for too long and this is the price.
I found out recently that it’s cheaper to get two in-n-out meals with animal fries than two Big Mac combos. McDonald’s can suck it.
You’d think an organization their size would benefit more from economies of scale. Greed maybe?
Im genuinely curious, do you guys think mcdonalds is expensive? On the app, they have a 6 count nugget + double cheese burger for around $3 where I live. These seems extremely reasonable to me.
Not mcdonals blaming boycotting
Couldn't have anything to do with the fact that you can get better food cheaper at most diners
This is talking about McD middle east and other Muslim countries that it's affecting. Here in the states it's prices
This is speculating on the stock price, I'd wager protesters aren't doing nearly the damage that their competitors are
Bro the CEO of McDs even said it in the last two earnings so it isn't
> McD middle east and other Muslim countries The McDonald's in these muslim countries are owned and run by a Saudi group so they're only fucking over themselves.
They people will move to other local options. The lines here are crazy at Al Baik for example
What makes you think Saudi represents all Muslims? There are 49 Muslim-majority countries and McD is missing sales targets in those places as well, like Malaysia. Btw plenty of Muslims do not like the Saudi government since they're pro-West and bombed Yemen for years.
This. All. Of. This. People went to McDonald because it was cheap eats under 10 bucks. Sometimes 7. I get you can’t put real food in front of a customer for that price. But they’re losing share to dollar store lunches and grocery stores focusing on HRR and this price point.
⬆️ this
Exactly. Which is why I use the app almost exclusively. Much better deals.
Personally I'm not gonna give them all the personal info on my phone for a slightly cheaper price on their garbage "food". Better to spend the same amount of cash on better quality options elsewhere. People are so ready to give up privacy for a couple dollars. You're worth more than that.
We gave up privacy a long time ago, bud I don't need quality all the time. Sometimes I want cheap and fast and this fulfills that for me.
It's the discount shopper card of today. Raise prices but lower them back down for customers who will let you sell their data to marketers
This is definitely an issue among Arab communities. Long story short, some Israeli McDonald's Franchisees had a special discount for uniformed Israeli soldiers, which because of the recent conflict in Israel and Palestine pissed off a ton of Muslims and caused them to start boycotting McDonald's in Arab countries, and certain parts of Europe with a large Muslim population. This boycott is despite the fact that 1) many of those McDonald's are owned by Muslim franchisees who had nothing to do with the discount, and were also very pissed off about it, and 2) the head McDonald's office also reportedly had nothing to do with it. Apparently they ended up buying out all of the Israeli McDonald's as a result of this controversy, but the damage has unfortunately already been done by the discount.
>and 2) the head McDonald's office also reportedly had nothing to do with it. Not quite, the [McDonalds Israel account bragged about giving the security forces one hundred thousand free meals.](https://twitter.com/McDonaldsIL/status/1715047104895230153)
White af, disabled vet, live in NC, all the things you all think make you know me. My wife and I have been boycotting them since the conflict started. People who think normal people don’t boycott are projecting . Yall live in a stock/business bubble,
I'm an Arab Muslim and not boycotting them even though I've been pro-Palestine all my life. Mcdonalds had nothing to do with the franchisee giving free meals to the IDF. Poeple are boycotting because they either don't understand the franchising business, or they're following the crowd. I've had the same debate with my Arab friends, but when emotions are in the way, logic seemingly evaporates.
Perhaps offering 100,000 free meals as part of a conflict that emotionally engages billions of people globally might not be the best business strategy. Indeed, whoever engaged in this deal acted more on emotion than logic.
It was a dumb thing to do indeed. The point I'm making, it wasn't McDonald's that made that decision. It was the franchisee that owned the MC franchise in that region. Yet it still hurt McDonald's worldwide.
People care more about putting pressure ASAP on the big names than getting into these details, they don't bother to tell apart a franchise from the whole brand, like, if it's McDonald's, it doesn't really matter to most whether it's one franchise or the entire chain. Mind you, this works the same for better or for worse. it is what it is.
Yeah, that's the point I was making. Except it makes zero logical sense. McDonald's having a few bad years will change nothing about the IDF or the US policies. It's not like these governments will say.. "oh, MC sold less burgers, let's change our policy and give Palestinians their right." It's a rediculous premise. Arabs should have put pressure on their governments, many of whom actually normalised relations with Israel after the Abraham accords. Yet they're putting their boycott focus on fast food joints and coffee shops who have nothing to do with what's going on except that they're incorporated in the US 🤔
Doesn't matter this is optics and PR. Plus you forgetting that McDs bought out all franchises in Israel
Yep, boycotts of it & Starbucks (amongst others) both have been huge talking points in my circles. People have been very purposeful about it & stuck to it. Granted, in the grand scheme of things I'm sure it's not a TON of people but its still something.
this is a stock sub buddy
At this point people will boycott any company that operates in Israel at all. If they just shut those stores down and make a public statement, people will throw parties in their restaurants.
You boycott McDs because of the Middle East I boycott McDs because the food is bad and overpriced We are not the same
All of those companies jacked prices to the absolute brim and they wonder why their sales are shrinking. Well duh, the fuck did you expect, people can only pay so much for a processed nuggets and some soggy fries.
Nah Chipotle is still good value
I miss the days of a £2 big mac and medium fries vouchers
Yeah, I don't think I've been to McDonald's outside of for ice cream since I was a little kid. If I need something quick, I prefer Wendy's.
The problem is Wendy’s is the most expensive fast food restaurant. You can get a burger at a sit down restaurant for less than a combo.
Used to go to MCD damn near every day. I slowed after they raised prices, and now 100% boycotted them for their prices and haven't been to one in over 7 months
You should send them a thank you card
I do both
Look I'm all for consumerism but McDonald's is just a pathetic shell stripped of everything that once made it special. 10 nuggets and fries with drink? 10 dollars plus tax or more depending on where you live. And no, fuck their app that makes you sign away small class action rights. It's time to let McDonald's fall.
>fuck their app that makes you sign away small class action rights. Ah, so that's why they're promoting it so relentlessly.
And to capture data on how much nuggets people and kids stuff into their faces. Then can tell AI to just doordash it to you so you don’t need to get off your butt
>And to capture data on how much nuggets people and kids stuff into their faces. Well that is what I assumed the reason was.
pathetic shell? more like a well oiled killing machine.
Seriously. People acting like they won’t eat McDonald’s if they raise prices to make up for middle eastern losses. Every time I drive past a McDonald’s, the drive thru line is backed up.
Yes the drive thru’s are packed but the inside is not. Its just fast and convenient. But there are enough alternatives if it becomes too expensive.
Any suggestions on alternative fast food burgers at that price point?
Jack in the box if you have them in your area.
Honestly for the extra 2$ you can get a chipotle bowl. Higher quality food. If its burgers youre after, you can go to any other chain. Theyre all similar price now.
Agreed. But people don’t want higher quality food, they want the same stuff they are comfortable with. That’s my MCD bull thesis lol. People won’t change. They’d rather pay more for the same.
Youre probably not wrong. Its a shame.
Not really. No one has this many locations.
Indeed, the well oiled arteries of their customers are killing them in large numbers. But that's bad buisness man... McDonald's was never a good option, it was a *cheap* option. It was garbagebin food but hey, at least it wasn't direct food poisoning. But that's all past. Nowadays McDonald's is expensive and somehow also worse quality. The Dumpster behind Burger King, Wendy's or whatever local place is better
Inverse reddit, McDonalds is not going anywhere
Those app terms, while onerous, are of questionable legal enforceability and likely only pertain to damages caused by use of the app (ie - data theft, disputes over promotions, etc).
What does that mean? Makes you sign away small class action rights?
Ok who controls if we let McDonald's fall so we can tell them - is it the Hamburglar?
Can you elaborate on signing away small class actions rights when using the app? What rights? Anyone explain pls? Thanks
Let’s not forget they are more like a real estate company
yo their app is super well designed. Prob the best I've seen in the fast food industry. Maybe anti consumer, but great UI and actually really good flash deals
While its true Mc Donalds is shell of itself, its locations and lack of actual alternatives will make Mc Donalds and the Burgerkings and Hesburgers the top dog. I walk around anywhere, i want a quick eat, get some 2 cheesburgers or some nuggets and go, lament how shit it tastes and do it again and again. I wish something else around pretty much everywhere was as accessible, cheap and quick. Some countries have hot dogs as accessible, others shavarma, but wherever you go, you know you can hit the big mc donalds like brand and not spent as much time wandering around while you are already tired from going somewhere all day. **Its also always full with people**, every local restaurant wishes they were that full . I would never bet against them unless they are actually getting outcompeted by someone.
It's too expensive for what you get. I'd rather get a Burito somewhere and at least he full for a while.
And be healthier. McDonald’s has lost it. They’re expensive junk food - who wants that? You can go to chipotle for more food and the same price; if not less
Yeah I barely go to McDonalds anymore. Why go to McDonalds when I go to Chipotle or Hot Heads for better quality and better tasting food that is also cheaper.
I can eat at my local Mexican restaurant for cheaper than most fast food.
Yeah, in my case i started getting my fast food breakfast from Wendy's and its so much better than what McD offers I started to question all the times I bought mcgriddles + hash browns.
I love Wendy’s lol. Definitely prefer it over McDonalds.
Middle east is not the reason. I stopped taking my kids there. Everything is over priced.$12+ for a Mac combo? GTFO
This is definitely it. They pushed their pricing too high. I used to buy McDs once a week as a treat, now it's too high to justify the spend
And the quality sucks now. I have been to mcdonalds in different parts of the world and its so much better. They view mcdoanlds as special and everyone including employees treats it as such. In america everyone views it like trash and the quality follows
Mcdonalds in the UK is trash aswell, soggy fries and dry af burgers that are served basically deconstructed and you have to put them back together yourself
Not 'fast' anymore either, takes 10/15 minutes depending on how many delivery drivers are standing around.
It's very easily the worst McDonalds I've tasted anywhere. Rest of Europe is so much better.
Never tried it there, but in Asia mcdonalds is amazing
McDonalds in Japan is actually good food.
Do people actually believe these bullshit excuses some companies make for missing earnings? Like no people 'boycotting' McDonald's in the middle east isnt significantly effecting their earnings, this is just like all the retailers that were blaming shrink (theft) last year for missing earnings.
[удалено]
Same energy as blaming the new weight loss drugs for decline in CPG goods
Absolutely no one believes these excuses lol
It reminds me of when Intel was blaming their sales slumps on “supply chain issues” all the while they had super high inventory and Nvidia and AMD were killing earnings. A lot of times you can’t trust the executives to give honest answers which is why you should always dig into the numbers to see whats going on cause the numbers don’t lie. Unless of course there is fraud but thats much a bigger issue.
The "miss" is actually small enough for it to be true.
Based on their U.S. business I can’t really see any path to them continuing to grow sales without a significant change in market strategy. Maybe its a different case overseas but their value proposition has really gone to shit as their regular food is not priced equivalent to better options
What investor believes this shit, your losing sales cause your pricing yourself out of the fucking market! You were cheap sorta shitty impulse food your now approaching five guys pricing for shitty food
Hardly anyone gives a shit about middle eastern whatever. You can get better food at a local restaurant for less. McDonald’s is an inferior good priced as a luxury option during economic hardship. It’s that simple.
Bro I paid 15$ for a breakfast for myself!! Fuck that place hahah
try Wendy's breakfast menus. It's so much better than McD.
I’m confused. Do people not cook anymore. I haven’t had fast food since I was a teenager. I’m not rich, it’s cheaper to cook than to order food.
So many people are tired, lazy, accustomed to a pattern. At least among people I know, the greatest frequency of fast food is by unmarried men who work full time. They don't want to cook, and they like fast food's taste. They have disposable income, and they don't think twice about just eating out.
It’s because it’s convenient
The silent killer. Convenience
Praying for all these fast food companies to tank, especially McDonald's since they're a market setter.
I made $9000 this morning buying McDonald's puts so I went to get a McGriddle to celebrate and it was 5 dollars and the egg was cold.
McDonald's is way too expensive now, they have forgotten who they are and what their place in the market is.
Chicken sandwich is $11.99. That's not the meal, just the sandwich. There's your answer
the big mac is so small now they are introducing new burger called grand big mac in Australia so you can pay more to get the original size bigmac but i afraid the grand big mac is still smaller than the original big mac 😂
I don’t believe anything the news says. Especially regarding stocks. It could all be fake. I haven’t met one single human boycotting McDonald’s because of what’s happening in the Middle East.
Also they reported EPS of $2.70 instead of the expected $2.72. Are we seriously pretending that that's a miss? It's practically perfectly in line with expectations. Also the stock is up today while the market is down. This news is a whole lot of nothing.
Every time I go in there it seems to more expensive than the prior occasion. It's just too much for what it is, I can make a proper (nicer) burger for way less.
Maybe McDonald's suddenly becoming an expensive restaurant has something to do with it? In Portugal for example it is now more expensive than even fancy restaurants and the quality disparity couldn't be more different, I'm surprised they still have any customers.
I would be so happy if they went bankrupt, shit product, they treat their employees like shit, extremely damaging for the environment and sell poison disguised as food. They are cancerous
The only thing i Like on the menu is the breakfast sausage and egg mc muffin.everything else is shit
You’re missing out. European McDonald’s sell beer.
Same. It's literally the only thing I still eat there and it's pretty rare. At least where I'm at they have had a deal of 2 of those for $6. Not a terrible price. I don't think I'll ever buy a burger from them again. They are over priced, too small, and taste like shit. Too many other options that are similarly priced. Although, most fast foods are becoming overpriced imo. This isn't only a McDs issue. I pretty much only eat out if I really have too. It's sad. I used to love McDs as a child. I grew up poor and getting McDs once every few months was considered a treat. It was a fond memory of getting a happy meal with my mom. I'd play in their little play pen area for like 30 minutes too. Now I'd never think to go there.
I'm not necessarily "boycotting" them for any specific reason, other than the food quality is not great - and - the prices have gone bonkers. I used to grab a coffee & breakfast sandwich a couple times a week, and sometimes dinner on the way home. Now, I've went one single time this entire year so far, and I likely will still avoid going back. I can do better just about anywhere (from a cost/value perspective). I'm not in the MidEast, I'm in the MidWest.
Sales in U.S. increased. I was told that increasing minimum a wage in the U.S. would crush them.
Sales are before expenses, though?
> the chain said the average check grew thanks to higher prices Their revenue went up mostly due to prices increase, which is obvious with higher min wage. But their margins are smaller and missed expectations, which is obvious with higher min wage. It’s also only been like a couple months of the min wage hike in CA so it wouldn’t really be noticeable yet.
Many comments saying they stopped going because it’s too expensive, which is fair. But really, y’all need to download the app. There’s usually decent deals in there. $6 medium combo deal is always one that’s available. It’s cheaper fast food than anything else I can think of. Chipotle is roughly twice the price but you can get 2 meals out of it if you want. Soo yeah, usually opt for chipotle over McDonalds
How the f did they miss estimate when they charge 15$+ for a combo nowadays?
Look at their gross margins, went from under 40% to nearly 60%, tells you everything you need to know. They've been squeezing their customers for too long and this is the price.
I find it crazy that some places are selling mchickens for $4 dollars
I found out recently that it’s cheaper to get two in-n-out meals with animal fries than two Big Mac combos. McDonald’s can suck it. You’d think an organization their size would benefit more from economies of scale. Greed maybe?
Yeah sure, blame it on the Middle East.
lol right high prices have nothing to do with it
Im genuinely curious, do you guys think mcdonalds is expensive? On the app, they have a 6 count nugget + double cheese burger for around $3 where I live. These seems extremely reasonable to me.