Then I'll thank you to shut your yap.
Posted on 04/02/2023 8:53:49 PM PDT by linMcHlp
Which makes sense given the fact that the overwhelming majority of the restaurants are owned by franchisees, so the employees at the restaurants are not actually MCD employees.
Much of the pencil pushing can be handled by single AI bot. Of course all those bots won’t buy many burgers.
“I could then apply it to say my home loan and pay that off much fasted since its a locked in loan.”
That’s the gist of it. Fiat currency and hyper inflation are a debtors and asset owners best friend.
Just look at oil. Lots of countries are now circumventing use of the dollar to purchase oil. And the SAUs are PO-d at Biden for favoring Iran. So they’re doing a ‘73 embargo-lite. There’s too much supply for rationing but they’ll drive the price up supporting those who circumvent traditional market.
Look for:
Loans being very hard to get and at higher interest rates.
Stock market’s ‘good stocks’ and real property prices rising.
Rising inflation with the falling dollar.
What currency will replace the PetroDollar? My guess is there will be years of uncertainty. IMO whichever currency has good domestic financial policy and low debt will be relied upon more than countries that don’t. Why save money or put your life savings in a deflating currency?
Then I'll thank you to shut your yap.
Good. I am looking forward to democrats being laid off and later being served by a robot...if by chance I ever do go to a McDonalds again.
My small town has limited fast food choices so the MickeyDs here does pretty well. Yep the prices have gone way up but most folks here know it’s not the fault of the franchise owner. We are finally getting an Arby’s which should be a nice change of pace.
Order a mcdouble with lettuce and big mac sauce...
Cheap imitation big mac
Order a mcdouble with lettuce and big mac sauce...
Cheap imitation big mac
Just change the cafeteria food to all McDonalds. That should clear out some folks right there.
Next, put a Burger King in the headquarters building. Anyone who enters - their ID cards are inactivated and they can’t get back into the main building.
With the rise of BRICS it could be time to buy some RMB.
Enjoy your Extra *BIG-ASS FRIES*
Yes as long as you have a few trillion dollar bills left over to buy a loaf of bread.
Zimbabwean dollar currently trading at $0.003.1 to $1
Now take your net worth times 0.0031 to learn how much you will be worth when the dollar collapses. If you like the result, remember for more of the same vote Democrat!
That’s over $32K per year for a full time worker flipping burgers.
Does McD’s offer full time employment. Seems many retail/food service chains only do part time these days to avoid paying benefits.
I’d rather eat a sardine sandwich..much cheaper and healthy.
*********
Chop ‘em up, add some onion and hot sauce and enjoy.
I have no idea. I just commented that with the huge savings in labor, if they go all robotic, you think the price of their products would drop significantly.
Did you get a chance to learn if the cost problem is limited to corporate staff?
MCD 2021 Annual Report snipets of information
40,031 McDonald’s restaurants at year-end 2021
37,295 (93%) were franchised
2,736 (7%) were Company owned
Across the System, nearly 1,500 new restaurants opened during 2021.
At Company owned restaurants - approximately 200,000 worldwide employees
- more than 75% of those employees are outside the U.S.
- less than 25% are within the U.S.
Directly operating McDonald’s restaurants contributes significantly to the Company’s ability to act as a credible franchisor.
Under a conventional franchise arrangement, the Company generally owns or secures a long-term lease on the land and building for the restaurant location, and the franchisee pays for equipment, signs, seating and decor.
Franchisees are responsible for reinvesting capital in their business over time. In addition, to accelerate implementaion of certain initiatives, the Company may co-invest with franchisees to fund improvements to their restaurants or operating systems.
The Company requires franchises to meet rigorous standards and generally does not work with passive investors.
Conventional franchisees contribute to the Company’s revenue, primarily through the payment of rent and royalties upon a percent of sales, with specified minimum rent payments, along with initial fees paid upon the opening of a new restaurant or grant of a new franchise.
Company maintains a Supplier Code of Conduct. The Company and its affiliates and subsidiaries generally do not supply food, paper or related items to any McDonald’s restaurants.
Revenue 2021:
- Company-operated restaurants: $9.79 bil
- franchised restaurants: $13.09 bil
Total operating costs and expenses: $12.87 bil
Cash and equivalents (Dec. 31, 2021): $4.71 bil
Earnings per common share (diluted): $10.04
Dividends declared per common share: $5.25
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