Posted on 10/31/2023 7:43:27 AM PDT by EBH
One branch in Darien, Conn., charged as much as $18 for a Big Mac combo meal, which includes medium fries and a medium soft drink.
Meanwhile, that same Big Mac combo will run hungry patrons $13.69 at a McDonald’s in Times Square.
Shares of McDonald’s closed up 1.7% to $260.15.
Net income rose to $2.3 billion, up from $1.98 billion in the same period last year, and same-store sales in the US increased by 8.1%, again attributed to price hikes.
During an earnings call with investors, CFO Ian Borden confirmed that the company’s US prices did increase in the third quarter.
Though he didn’t specify by how much, Borden said McDonald’s expects to increase the cost of its menu items by just over 10% for the full year — the second consecutive annual 10% price hike.
Meanwhile, many consumers have said that fast food has already gotten so expensive, it’s no longer worth it.
One Reddit user asked in a now-viral thread: “What is no longer worth it because of how expensive it has become?”
The top-rated response: “most fast food.”
“A ‘value meal’ at McDonalds now costs just as much as a meal at a lot of sit-down restaurants like Applebee’s,” one user claimed.
“Remember when McMuffins were $2 for $3?” another user recalled.
The McDonald’s app in New York City, for example, where the “$1 $2 $3” menu doesn’t actually have anything worth $1 or $2.
(Excerpt) Read more at nypost.com ...
Don’t do McD’s anymore — ever since NOT USING their app costs me 30% more !!
Are you listening McD ?
When Ray Kroc was still alive.
How does not using their app cost you more money?
Are you saying that the price on the app is cheaper ,than what’s posted on the menu board if you go to McDonald’s
In 1964 I could get a cheeseburger, fries and a coke for 35-40 cents, IIRC. Of course I was only making a dollar an hour. I worked at McDonalds.
I can get a meal at Chik-Fil-A for $8.....
Yes you get deals through the app
is that true?....if you don’t use the app it costs you more?
Was it ever worth it in what way?
The food has always been so called junk food , so if you’re looking for something nutritious , it was never worth it.
We would have to calculate, adjusted for inflation, what those prices from 1964 would be nowadays.
I recall in the late 60’s - early 70’s riding my bike to McD’s and getting a cheeseburger, fries and a coke for under a buck.
I got a Double Cheeseburger bundle with small fry and large Iced Tea for 4.79 the other day. Living in the Midwest is better.
In 1974 a cheeseburger value meal was $2.
Went to Burger King recently after many years (6-7?) certainly pre-covid
$5 dollar Whopper meal
Whopper was dry and a little tough. Bun was very starchy. Overall much smaller than I remember.
Clearly, BK’s customers can’t afford the “old whopper” which would need a much higher price - so BK had to cheapen it, badly
In the 60's there was a chaing called Carrolls, they advertised a meal (burger, fries, drink) and change back from your dollar
Cursory review online, shows that $2 in 1974 is equivalent to $12.49 today.
Ain’t loving it...................
In CA were just warming up. On January 1 minimum wage for fast food workers goes to $20
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