Surely they can probably go down on the prices because most McDonald's have kiosks now which eliminates someone physically taking your order anymore. Greedy world we live in.
I only worked at McDonald's for one week and do not know internal economics but can guess that they have a profit margin regardless of state of the economy. Until inflation gets back to under 2% and interest rates get back down, they have to cover the "cost of money" and do so by passing the cost to the consumer. The consumer does have a say...we could refuse to buy the product but the likely outcome will be a store closing sign.
Remember airline baggage fees that were added to cover the cost of fuel prices. Fuel prices dropped. Baggage fees stayed.
It's insane the cost of food now. Fuel prices have come way down from where they were last year, but it hasn't translated to the food costs.
I got 1 that blew my mind....this happened about 2 months ago....I love me some Slim Jims....a box of ( 26 ) six inchers were $5.48...I bought some 1 day at Ingles then when I went back the NEXT WEEK and they were $7.28.....thats like a 33% increase IN A WEEK.....ridiculous
Mcdonalds had a net income of over 6 Billion dollars in 2022.
Of course the company wants to maximize its profits. I understand that. But these kinds of increases aren't normal. I was just pointing out how much prices have gone up in a relatively short period of time.
Can't let a crisis go to waste - heard that somewhere before. lol
You are correct! Marketing costs, construction costs, operating expenses, cost of supplies, and all of these things cost more, including higher interest on money borrowed.Mcdonalds had a net income of over 6 Billion dollars in 2022.
Employees wages were estimated to be $4.7 billion. They can double the pay of every single employee and they would still turn a profit
sources: https://www.businessinsider.com/mcdonalds-could-double-wages-for-employees-and-make-less-money-2013-7#:~:text=According to the Kansas City,on revenue of $27 billion.
MCD | McDonald's Corp. Annual Income Statement - WSJ
McDonald's Corp. annual income statement. View MCD financial statements in full, including balance sheets and ratios.www.wsj.com
Maybe there are more factors at play than employees wanting a living wage
They won't collapse. McD's is notorious for doing whatever it takes to dominate the market share. They will adjust, but your meal may be delivered by a robot.
I'll take a $5.00 Chick-Fil-A sandwich over $4.00 McDonald's fries.
Inflation was abnormally low- until .the last two years. Now abnormally high
I have been into this internet sports board thing since 1998. I have used the ignore function three times in those 25 years. All three were banished within the last two years. Posters haven't gotten worse but I have become less patient and more discriminating in the company I keep. No regrets.
