Everyone raised prices and yet some folks say inflation isn’t 40% since Biden stole office. McDonald’s has noted that the income has decreased, people quit coming. Their take is that their food is a “treat or pleasure” and people cut those things. You used to get a premium sandwich, fries and drink for 7-8 bucks, and now that’s doubled. In the case of fast food the economic reality is that prices have more than doubled.
“McDonald’s has noted that the income has decreased, people quit coming. “
Revenue and earnings both were up in latest quarter and previous quarters, although most recent fell slightly below analysts’ estimates. The increase in revenue isn’t due to price increases as those have stabilized.