McDonald’s was criticized earlier this year for its high prices when a receipt from a Connecticut restaurant went viral. Worse, a $18 Big Mac combo made things even worse.
This started a discussion on how much a fast food meal should reasonably cost.
According to reports, the cost of fast food increased by around 28% between 2019 and 2023. Although there are a number of reasons for this rise, one thing is certain: customers are getting impatient.
During an earnings call, McDonald’s CEO Chris Kempczinski stated, “Eating at home has become more affordable.” “That low-income consumer is undoubtedly the front line of battle.”
A new $5 lunch offer is what McDonald’s wants to launch in an attempt to win back customers.
The Wall Street Journal reports that this $5 offer will come with fries, a choice drink, four pieces of chicken nuggets, and a McChicken or McDouble. Commencing on June 25th, the campaign is expected to run for around one month.
Even if the transaction hasn’t begun, some clients are still dubious.
“Meal for $5 for just a month? Thank you, but no! Do you intend to entice us in the hopes that we will stay and pay hefty fees? Not at all!
“McDonald’s $5 Meal Deal is the answer to inflation,” the company said.
The McChicken was once available for just $1 on the menu. The $1 menu ought to be reinstated.
In an April call, Kempczinski said, “Consumers continue to be more discerning with their spending as they face elevated prices in daily expenses, putting pressure on the industry.” It is imperative that we prioritize cost for our clientele.
Would you rather eat at home or at another restaurant over a $5 meal bargain at McDonald’s? Post your ideas in the comments section below.
Three of the biggest producers of eIectric vehicles are reportedly set to pump the brakes on production, citing a bad economy and…
Three of the biggest producers of eIectric vehicles are reportedly set to pump the brakes on production, citing a bad economy and higher interest rates thanks to Joe Biden’s bad economic poLicies.
Tesla, General Motors, and Ford all have said they plan to slow production essentially until the economy shows some signs of settIling down. Tesla CEO Elon Musk joined General Motors and Ford in voicing concerns that high-interest rates on car purchases would prevent borrowers from securing financing for expensive electric vehicles. Musk said, People hesitate to buy a new car if there’s uncertainty in the economy. I don’t want to be going into top speed into uncertainty.
Musk also is pIanning to take a wait-and-see approach to the economy before ramping up the planned Tesla factory in Mexico. Musk’s comments came after poor quarterly results across the board.
Not only were Tesla’s sales down, but so were earnings per share and vehicle production.
General Motors, for their part, has plans to delay production of the electric Silverado and GMC Sierra pickup trucks by a year, citing flattening demand for the electrified vehicles.
Over at Ford Motors, they are cutting one of the three shifts that currentIy builds the electric F-150 Lightning pickup truck. The automaker made this decision following a summer where they took some of the focus off of electric, instead looking toward commercial fIeet vehicles and hybrids.
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