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McDonald's sales fall globally for first time in more than three years

reuters.com

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Re: McDonald's sales fall globally for first time in more than three years

#51

Post by seeknotfind »

xnyan wrote: post #26
ElCapitanMarkla wrote: post #10

It's the 100% down to the price. As a family of 4 with 2 young kids we more or less get the same thing each time, 2 Combos and 2 Happy Meals. That was pushing $50 NZD last week. Not that shopping at the supermarkets are any better here, $8.50 for a 500g block of butter yesterday because they can't source the cheaper $6.70 blocks.

Just replying to to say I did the conversion expecting to pay less and to my surprise it's almost exactly the same price for 1lb/450g blocks in the US. I live in metro Raleigh NC and our prices are very close to the US mean. I guess globalization is strong enough that even the price of food is approaching the same, even across the world?

Maybe in areas with comparable sourcing, regulation, and market conditions. Globalization hasn't arbitraged food prices (yet?).

https://commodity.com/blog/food-prices/

Re: McDonald's sales fall globally for first time in more than three years

#52

Post by JumpCrisscross »

paxys wrote: post #24

A lot of people are missing this part: > Shares rise nearly 4% Yes sales are falling because of high menu prices, but that's a deliberate strategy by the company. Their goal is to maximize profits, not revenue.

> lot of people are missing this part

Full quote: “McDonald's shares, which are down 15% this year, rose nearly 4% after company executives said the $5 meal deal launched late in June sold above expectations.”

On profits, McDonald’s “earned $2.97 per share on an adjusted basis in the second quarter, missing expectations of $3.07.”

Re: McDonald's sales fall globally for first time in more than three years

#53

Post by bitmasher9 »

add-sub-mul-div wrote: post #23
sct202 wrote: post #11

Earlier quoted context omitted.

If you use their app and shop the deals, the prices at McDonalds drop by 20-50% vs menu list price depending on what you get. The sandwiches in my area go buy one get one free all the time or 40% off.

That's what I've heard, but I wouldn't give in to surveillance for their bottom tier food.

So you pay cash for your food? Otherwise they already got you

Re: McDonald's sales fall globally for first time in more than three years

#54

Post by ChumpGPT »

ElCapitanMarkla wrote: post #10

It's the 100% down to the price. As a family of 4 with 2 young kids we more or less get the same thing each time, 2 Combos and 2 Happy Meals. That was pushing $50 NZD last week. Not that shopping at the supermarkets are any better here, $8.50 for a 500g block of butter yesterday because they can't source the cheaper $6.70 blocks.

MCDonalds is expensive everywhere from what I can tell even though I haven't eaten there in over 30 years.

You can buy a lot fresh food with $50 USD, groceries are still very affordable in TX with only eggs costing more because of bird flu. Meat, Chicken and Pork are available and even with inflation are still close to pre pandemic prices, although you have to look for specials. I buy lamb chops from NZ at Costco for $5.99 a pound and they are absolutely delicious, Aldi sells 1 pound of ground Lamb for $4.99 from NZ. Steak is around $4.99 lb for NY or T-Bone on sale every week and dairy is not expensive either. Consider myself incredibly lucky to have excellent food that is incredibly affordable.

Re: McDonald's sales fall globally for first time in more than three years

#55

Post by crazygringo »

wenc wrote: post #19
sickofparadox wrote: post #4

Why would someone pay the $10 for a Big Mac meal? Before the pandemic the customer-company dynamic made sense - I knew it was terrible quality, but it was quick, relatively tasty, and CHEAP. Now the employees will forget half my order and it will cost 2x what it should. Completely forgetting what their initial proposition was.

A Big Mac in the US today is also much smaller than what it once was. It’s a Small Mac these days. A Burger King Whopper today is the size of a Big Mac of years gone by. The King still does burgers better than the clown.

No it's not.

Big Macs have not changed size.

Maybe things just seemed bigger when you were a kid, and smaller in comparison.

(A while ago they temporarily had 3 "sizes" of Big Macs but that was a promo.)

Re: McDonald's sales fall globally for first time in more than three years

#56

Post by crazygringo »

quesera wrote: post #36
sct202 wrote: post #11

Earlier quoted context omitted.

If you use their app and shop the deals, the prices at McDonalds drop by 20-50% vs menu list price depending on what you get. The sandwiches in my area go buy one get one free all the time or 40% off.

"Shopping the deals on the McDonalds mobile app" sounds like a description of misery repackaged as a product for the American consumer.

It's not much different from clipping coupons for the grocery store, or keeping hole-punch coffee/sandwich cards in your wallet.

Actually easier than either of those, to be honest.

Re: McDonald's sales fall globally for first time in more than three years

#57

Post by threatofrain »

xnyan wrote: post #38
dyauspitr wrote: post #31

Earlier quoted context omitted.

A standard burger comes with tomatoes and lettuce. We’re not talking about specific picks from a fast food menu.

> A standard burger comes with tomatoes and lettuce. I don't think that's been true for at least 10 years. Fresh veg costs and is considered a premium topping for higher end fast food options and as an addon generally. You can expect it standard on a restaurant burger or a premium quick service place, but not standard for normal fast food and certainly not McDonalds. Even at more upmarket and expensive fast food like…

In-N-Out still has nice veggies with their overall quality basically frozen in time, but IMO all of these prices pale in comparison to Costco's $5 rotisserie chicken. So a $5 McDonalds meal? Not cheap even if there's a coupon for 50% off.

Re: McDonald's sales fall globally for first time in more than three years

#59

Post by crazygringo »

reify wrote: post #3

Itsa probably my fault. I make a supreme home made burger Got all my friends on them 100% pure grass fed rib eye beef from our local farmers market, minced. No ground; hoof, horn, hair, teeth, beak, claw or bone to be seen No cows lungs added to the mix to give the burgers a nice healthy red colour. YES! adding cows lung to make the burgers a nice bloody red colour to make them more appetising. No laying waste to mil…

> YES! adding cows lung to make the burgers a nice bloody red colour to make them more appetising.

Please don't spread disinformation.

This is not a thing that restaurants do, fast-food or not.

And fast-food burgers aren't even meant to be red because they're cooked well-done.

Re: McDonald's sales fall globally for first time in more than three years

#60

Post by AmVess »

Restaurant food in general is in a bad place. McDonald's reduced the discount for app ordering by 10%. From 30% to 20%. The last meal we got took them 12 minutes. One double burger, one McChicken, one medium fries. There were 0 other customers. The fries were soggy and barely warm.

The local Subway is an easy miss. We ordered 3 times and all of the orders were wrong. Wait time was 40 minutes each time, no other customers. We ordered TOASTED BMT. What did they forget? The TOASTED part, literally the first word in the product's name. Mid 20's guy was staring out the window when I pulled up. He stayed that way for over 5 minutes. I went inside, no other workers. Restaurant was grubby, clearly had been that way for days.

We haven't had Taco Bell in years. I was going to head into the city to grab some. I looked at reviews, ALL of them 1 star. The most recent review was made by a guy who ordered the taco pack. NONE of them had meat.

Young adults cannot even handle the most basic of tasks without taking forever AND screwing up. Mid 20's and can't handle any kind of work load or any complex task like putting a bit of meat in between two slices of bread.

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