Hello and thank you for being a DL contributor. We are changing the login scheme for contributors for simpler login and to better support using multiple devices. Please click here to update your account with a username and password.

Hello. Some features on this site require registration. Please click here to register for free.

Hello and thank you for registering. Please complete the process by verifying your email address. If you can't find the email you can resend it here.

Hello. Some features on this site require a subscription. Please click here to get full access and no ads for $1.99 or less per month.

McDonald's to 'rethink' prices after sales fall

McDonald's is reconsidering its pricing strategy, after customers cutting back their spending took a bite out of the fast food giant's sales.

Outlets open for at least a year saw sales fall 1% over the April-June period compared with a year earlier - the first such decline since the pandemic.

The drop came despite the hamburger chain offering money off deals to try to win back cost-conscious customers and those who have boycotted the chain over the Israel-Gaza war.

Boss Chris Kempczinski said the poor results had forced the company into a "comprehensive rethink" of pricing.

He told investors that the firm would lean on discounts to try to stop the sales decline

Executives pointed to recent promotions, such as a $5 meal in the US and a campaign in the UK in which diners can select three items for £3.

Those are expected to be extended in the coming months and the firm said it was working with franchisees on other "value" efforts.

Shares in the company rose more than 3% after the update, as Mr Kempczinski said McDonald's had the scale to make the strategy work.

"We know how to do this. We wrote the playbook on value and we are working with our franchisees to make the necessary adjustments," he said.

McDonald's has been facing a backlash from customers after raising prices significantly during the pandemic.

Last month, the head of its US operations formally responded, external to the complaints with an open letter to customers, saying social media was painting an inaccurate picture.

He said the average price of a Big Mac in the US, which is now $5.29 (£4.11), was up 21% since 2019 - roughly in line with the pace of inflation - and many items had risen by less.

Offsite Link
by Anonymousreply 14July 30, 2024 11:27 PM

It’s such mediocre trash. Nobody wants to pay for garbage.

by Anonymousreply 1July 30, 2024 8:57 PM

Cost AND low-grade dog food quality food. They always seem to forget that part.

by Anonymousreply 2July 30, 2024 8:58 PM

All of these companies who were price gouging while the getting was good can fuck off. Don’t try to tell me how you are now going to offer lower prices, like you are doing me a favor.

by Anonymousreply 3July 30, 2024 9:03 PM

Former weekly (or more) McDonald's consumer here.

I find this interesting.

McDonald's tested the limits of the market and found out just how much they could charge. I think people got turned off, but will return if the prices fall a bit.

by Anonymousreply 4July 30, 2024 9:44 PM

No one wants to pay $20 for a bag of McDonalds. Taco Bell, take notice. They're not made with freshly prepared ingredients in front of you like Chipotle, who also has gone a little nuts.

by Anonymousreply 5July 30, 2024 9:50 PM

I take my 6yo kid to these places once in a while … Wendy’s is definitely better quality.

by Anonymousreply 6July 30, 2024 9:56 PM

If you're ever in the mood for McDonald's (after a potent edible, for example), use the app. It's a lot cheaper.

by Anonymousreply 7July 30, 2024 10:25 PM

Garbage food, shitty service and fucked up prices

by Anonymousreply 8July 30, 2024 10:42 PM

Yet the sky high pay to the CEO won’t be at stake, I’m sure

by Anonymousreply 9July 30, 2024 10:45 PM

I have a love/ hate relationship with McDonalds, in that I understand it’s highly processed and unhealthy, and there’s certain food items I will not eat, such as fries or any of the breakfast meat sandwiches. In the past, I had a hard time doing away with it because it was a cheap fix.

However, I stress eat, and will eat the McChicken or hamburger once an week, and always get a large Diet soda for the ride home.

I have definitely cut back the food side 75% because I want to be healthier and it’s just not worth the calories OR the expense of what they charge for it. It’s also barely lukewarm half the time!

by Anonymousreply 10July 30, 2024 10:55 PM

I didn't realize the ice cream cone is 3 to 4 dollars now. What a joke. There's no way their margins are that slim, for that price I can go in the grocery store and get a pint of far better ice cream.

by Anonymousreply 11July 30, 2024 10:57 PM

The taste would have to improve a lot, the price fall a lot, for me to ever go back there.

by Anonymousreply 12July 30, 2024 11:04 PM

The Diet Coke (large) went downhill at my local McD's.

by Anonymousreply 13July 30, 2024 11:25 PM

The only thing I would get there is a veggie burger but for a bit more I can get one at an actual restaurant

by Anonymousreply 14July 30, 2024 11:27 PM
Loading
Need more help? Click Here.

Yes indeed, we too use "cookies." Take a look at our privacy/terms or if you just want to see the damn site without all this bureaucratic nonsense, click ACCEPT. Otherwise, you'll just have to find some other site for your pointless bitchery needs.

×

Become a contributor - post when you want with no ads!