Fast food feels more expensive than ever before, and people are sick of it. Here's why. [Business Insider]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Business Insider
As well as commodity costs, restaurants have faced soaring wages. Fast food isn't as cheap as it used to be. Gone are the days of McDonald's dollar menu Subway's $5 footlongs , and NYC's $1 slices Diners say fast food is getting too expensive and no longer represents value. Some say they're placing smaller orders, turning to independent restaurants or cheap casual-dining chains, or just cooking more at home instead. "At the end of the day, the consumer is fatigued" because of rising restaurant prices, Jim Sanderson, an analyst at Northcoast Research, told Business Insider. Fast-food chains put up their menu prices during the pandemic in response to soaring food and labor costs . Analysts told BI that consumers feel like prices are still rising too fast because they're comparing them to the slowing rate of grocery inflation. Fast-food prices have been shooting up Restaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tow
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MCD
News
- McDonald's Stock (NYSE:MCD): Growth Slowdown Isn't a Concern. Here's Why [Yahoo! Finance]Yahoo! Finance
- Here's Why Investors Must Hold McDonald's (MCD) Stock for Now [Yahoo! Finance]Yahoo! Finance
- McDonald's to sell 'Grandma McFlurry' for limited time [FOX Business Network]FOX Business Network
- Walmart says more diners are buying its groceries as fast food gets pricey [MSNBC.com]MSNBC.com
- Corporate Officers Face Expanded Oversight: What To Know [Forbes]Forbes
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/14/24 - Form FWP
- MCD's page on the SEC website