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 ...
I remember 19 cent hamburgers and 29 cent cheeseburgers
I wouldn’t pay $5 for that garbage.
Me thinks there may come a tipping point. I’ve already reached mine.
LOL! That's the part most of us old timers forget to say when recollecting how cheap things were in the Day.
In 1971 (when I started working for McDonald’s), a cheeseburger, fries, and a Coke cost 60 cents. Minimum wage was $1.60/hr.
Our first McDonalds in Ithaca, NY looked just like that back around 1960.
Big Mac Meal in McDonald’s Big Mac Meal - 560 - 1120 Cal., price $ 6.19 to $ 11.79, average price $ 8.64
Just watch their TV ads.
‘30% discount if you order on the app’
Burger King ..
At the drive thru, ever since covid, we’ve been able to use outdated coupons, by verbalizing the codes when ordering and still get some great deals. Never asked for physical coupons anymore. bogo Whopper 4.29, etc
Was it their sweet tea?
(Or as my daughter calls it “Liquid Crack”)
McDonald’s is your kind of place
They feed you rattlesnakes
French Fries between your toes
Hamburgers up your nose
The last time I went in there
They fried my underwear
McDonald’s is your kind of place
> Living in the Midwest is better.<
The minimum wage in Connecticut and New York is $15. Both are set to increase in January. The federal minimum wage is $7.25.
It’s a shame the highly educated, indoctrinated journalists did not make the correlation as to why the prices were so high.
EC
Top 20% of income families are doing fine. Bottom 40% are getting increasingly squeezed. The middle is getting smaller and fragmenting towards either end of the spectrum.
The building of the one where I worked (#330 in Beaverton, OR) was that style, built in the early ‘60s. They only put up the glassed-in area at the counter during the winter. Walk-up only, no drive-through, but there were a couple of disabled regulars for whom we’d go out to their car to get their order and then take their food out to them.
By the early ‘70s the sign was different. A hamburger was 20 cents, and the sign said however many billion sold.
I remember the day when it was a hamburger, small fries, small drink and change back from your dollar.
No McD’s meal is worth $15 or more.
> In 1964 I could get a cheeseburger, fries and a coke for 35-40 cents,
But if you used two 1964 silver quarters today you could get a Big Mac combo meal. In fact there has been deflation.
One thing these ridiculously high prices have done is cure me of my fast food addiction. I have been done with all fast food, cold turkey done. Thank you inflation.
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