Seriously. This is a positive thing. For so long McDonald’s had prices that made you feel cheated if you ate anywhere else. Cut corporations out of your life as much as you can. They are beholden to shareholders and nothing else.
duh! they're using "Fast food", and "Junk food" term together, those words mean that it's just slightly above Cat food. barely edible. which nobody in the right mind ever associate it as a Premium high end food. only the delusional out of touch CEO Translated it as "Premium"
@@jaymendezz the less process, the better. everyone enjoys some processed food from time to time, but the majority of what you eat should be things that spoil if left at room temperature.
This is the truth! But what will we see? People will just complain instead of organizing because it’s more popular to complain on tik tok instead of actually organizing and making change. Yet another social media distraction. So many complainers and not one to actually do anything because the complainers won’t unite. It’s insanely frustrating if you want change.
Yea, I like how the dude taking the lion's share of profits is telling us how hard they have it with their 40% inflation, but damn near tripling menu prices. It's not the inflation and never was. It's this end stage capitalism pipe dream of making more money magically appear in front of investors and we're paying for it.
Yeah, their prices are out of control, and they use that to convince people to install their app for coupons (so they can sell your data, of course). If you just walk into a McDonalds and order food like "normal", you end up having to pay insane prices. My wife and I took our toddler to McDonald's for the first time, and for 2 adult meals and a happy meal it was over $30! I almost walked out disgusted, but I didn't want to ruin my kid's day. The CEO is, as usual, lying through his teeth. Prices have not gone up 40%. They have nearly doubled in recent years. Won't be going back anytime soon.
Remember people, you have the power, not them. They need your money to stay in business. If you want them to listen don't give them your money plain and simple.
The problem is many people can't cook, don't want to learn, will eat anything and want food fast when they get hungry. Therefore fast food outlets will always thrive off of them.
I'm not sure how good the customer service can be at those low prices. I don't really care for the customer service at these places. I think that's why they are switching to the app model where you barely have to interact. You share a code, pick up your food, and get on your way
Yeah ChikFila is winning because they actually have great service for a fast food joint. They have tons of employees working and you always get your stuff fast. McDonalds should get a clue
@@mikemaybe5999 I love Wendy's. I went to Mexico to escape the communist vax mandates but we don't have a Wendy's over in Guadalajara. There's one in Mexico City but I ain't flying to the capital just for a burger lol. I go to Chilly's every now and then but it's really expensive, even more so than NalgDonalds. McDonald's big macs are now really small down here too yet they cost about 5 U.S in Mexican pesos, and the bun is always burnt and dry.
I went by a McD's at 4pm today and it was zero cars in the lot, zero in drive through. And then where I got gas was a BK, that too, no cars in drive thru at like 5pm
Fast food restaurants got greedy and now people stopped buying their food and now people cook at home way more often. Fast food restaurants can't reverse the behaviour changes now as it's too late.
Shows that they could have done these deals the whole time, but took advantage of market conditions after covid to "supercharge" profits. This is why anti price gouging legislation is crucial. The second their data sees consumers pulling back on spending, they adjust their prices to give their customers a "deal". But actually they're just taking slightly less advantage to ensure their performance matches investor expectations. Businesses will always maximize profits, which is expected. But during unprecedented global events, taking maximum advantage of your customers should leave a bad taste in anyone's mouth, no pun intended.
The so called "consumer" is always free not to eat McD's cancerous junk. I understand there are problem zones in America and fresh produce is more expensive than ever. But there has to be another way. I refuse to believe that McDonalds is supposed to be a pillar of American nutrition.
@@PatrickRockwell24 Three reports from my state actually. Greedflation: How Corporations are Making Record Profits on the Backs of American Families, Stuffing Their Pockets: How Big Food and Agriculture Businesses are Making Your Holiday Meals More Expensive, and Shrinkflation: How Corporations are Shrinking Products to Super-Size Profits. You can read them if you want, they're easy to find online. And there are many more reports from other state departments and economic firms. And what's your source again, Reuters or something?
Last time I had taco bell (del taco is the dominant force here) it was the beef and potato burrito for like a dollar that got me addicted for a short time.
That's true, but it's not convenient especially for those who have lost the incentive to put forth the little bit of effort to do something beneficial for themselves. Depressed consumers are a cash cow.
Videos like this are to make you feel bad that franchisee's are being squeezed and are struggling and it's our fault. Meanwhile corporations are making record profits and the CEO gets salary increases.
They were making record profits because the government gave everyone tons of free money out of thin air and everyone went and spent it. Hope this helps
Exactly, because we should feel bad for the franchisees. They’re everyday people like us. Corporations aren’t making record profits either, please get informed.
The Franchisees need to remember. The longer you go with little to no customers you will eventually close. More and more customers are just hitting the grocery store. Not just for their groceries but also for their hot bar, sub station, sushi, ramen, etc... They offer it all for less. Fast food prices are so high their competitor has become the grocery store.
Spot on. I learned the deli in the family run grocery store where I frequently pass by between job sites around lunch time had a large selection of filling lunch specials (home made quality) daily averaging around $4-5 including a drink. I began searching for better value alternatives once I was spending ~$14 on a combo meal anywhere else and now I know I can get in and out of the grocery store just as fast. I very rarely go to fast food shops anymore, they pushed me away and these new deals they are offering aren't really enticing me. prices are too high, I being told to use the kiosk to place my own orders rather than place them at the register and the food quality and sizes have really diminished.
@@RAHULTMNT100that was a value exchange of time vs price of food that made sense in the past when prices were lower. When spending time to make your own food saves you money in amounts this large, the time spent making it becomes a better deal
Sushi is like $40 ayce, stopped going a long time ago. And there is a Lot of competition here in southern california. Ramen, on the other hand. I've gotten really good at making some dynamite ramen recipes.
My local McDonald’s average is about $550,000 in net sales about nine months of the year with a decline in the winter months. If you’re franchisee doing 6 million in sales every year you’re not struggling you’re making bank. And the reality is is that most restaurant franchise own more than one franchise some own 4 to 5 franchises because if you run a franchise in one area and the opportunity to open another franchise in a nearby area becomes available that franchisee normally gets first dibs. So don’t think that a restaurant franchise owner only has one restaurant and that’s it because that most likely is very far from the truth. I just hate the gaslighting that goes on whenever somebody says oh the poor McDonald’s owner Mike, please that person is doing quite well for themselves if they own a McDonald’s. Don’t feel sorry for them feel sorry for their employees.
Costco is doing away with that now. Those hot dogs are sold at a loss to them. If you want one, you’re gonna have to show them the color of your money for a membership soon.
Bingo! Every ingredient, product, tool, appliance, and accessory used in their restaurants from the grill to cook the burgers to the bleach to clean the laundry has to be purchased by the franchisee from McDonald’s. The company makes billions, squeezes the franchisees, then leaves them out to dry when times get tough.
@@PatrickRockwell24. McDonalds can’t be paying a $6.68 dividend per share if they aren’t making a profit. And without customers you’re out of business.
@@mikefialko2979 That's not what I asked you Bubba, typical deflection. Which fast food companies have claimed record profits? It's a simple question that deserves a simple answer.
@@PatrickRockwell24 'Which fast food companies have claimed record profits?' 'McDonald's gross profit for the twelve months ending June 30, 2024 was $14.674B, a 5.56% increase year-over-year. McDonald's annual gross profit for 2023 was $14.563B, a 10.26% increase from 2022. McDonald's annual gross profit for 2022 was $13.207B, a 4.98% increase from 2021.' google is your friend,boy. dont be lazy, LOL!
Sure it is. Are you incapable of understanding basic economics. Their costs went up dramatically and labor costs also rose considerably after Covid. Intake it you've never ran a business with employees before. Sad
Look at the news today.... Shake Shack to shut 6 California locations, including 5 in LA, after state’s $20 minimum wage hike It's almost like you have no idea what you're talking about
Wendy's has consistently had a "value" type meal that isn't just shrinking everything. They've kept it close to the same and had variety in the value options forever. They've earned my respect even if I only eat there once a blue moon. McDonalds, Taco Bell, and BK shouldn't be in the conversation.
Its not working as well as they thought, when prices went through the roof people found alternatives, local diners, grocery stores, taking meals from home. This turned out to be a win win for everyone, better quality and healthier food that costs much less. We should thank every fast food chain for helping us all make these much needed changes.
I dont understand how multi-billion dollar companies couldn't understand the reason people ate their garbage was because it was cheap. No one goes there because the food is good they go because its cheap and fast. Now adays its not cheap, fast or even what you ordered.
Anyone notice that family owned Chinese sit-down restaurants that haven't jacked their prices up and make good home cooked meals aren't having this issue what so ever? It's almost like corporate greed isn't good for business 🤔. It's almost like paying your employees minimum wage under terrible working conditions leads to poor customer service and disgusting food.
when a regular priced meal costs the same price as a meal at Culver’s, Chicfila, Wingstop, etc, there’s really no reason to shop at places like Mcdonalds for worse service and food quality.
My most recent meal at McDonalds was a double cheeseburger and senior coffee, just over $3.00. If I'm looking for a better burger Chili's and In-and-Out are the go tos. McDonald's secret weapon is its coffee, cheap and excellent. I heard a radio commercial that Denny's is bringing back its $2-4-6-8 menu. Wendy's is also a go to.
The companies are overcharging each other out of pure green and then they want to pass it on to the consumer but the consumers are not having it. On the other side of the coin, companies feel like it's okay if millions of people don't have jobs still somehow find the money to buy their crap. Completely untenable.
Since fast food restaurants increased their prices , I have not been eating at any fast food places. This in return makes me lose weight and my blood work shows lower cholesterol, so I’m feeling better. I hope the trend of people not eating at fast food places will make our citizens healthier.
We are just starting to go to mcd's again as the other usual spots have not gotten too expensive but have gotten OUTRAGEOUS in their pricing. I am not going to pay 30 bucks to hit subway for two people, I am honestly surprised they are still in business.
I've seen their new "value" menu. $7 for a 4 chicken nuggets, like 10 French fries, and 3 sips of a drink is NOT a "value" by any stretch of the imagination. These greedy fast food places are going to go out of business unless they get serious about offering decent food for low prices again.
High prices combined with consistent horrible service from fast food workers , and poor quality food. I don’t care much for the value menus these days. I’ve already decreased my time in the drive-thru, and increased my time in the kitchen.
In the West Toronto area, a large (not extra large) McD French fries 🍟 alone was $6 Cdn a couple months ago. I can buy 10-20lbs of potatoes 🥔 for that price.
You know McDonalds is overcharging when they are talking about making around 32% net profit margins while most of their competitors are making around 15% margins...those huge price increases are going straight into profit margin.
In Australia, McDonalds push their specials through an app. Some specials are ok, like 24 nuggets for $9.99, or a Big Mac Meal for $8, but other than that, the original menu is ridiculously expensive!
people don’t really mind spending money so much as they don’t like feeling ripped off. These greedy corporations need to overhaul everything from the top down.
This slays me! If I get a burger, I will likely get fries, but I hate the beverage choices, so I never get a drink. The “value meals” are meaningless to me. Taco Bell is the only place I might get the whole thing, as I do appreciate their strawberry freeze thingy.
Wait. If cost went up 40% and prices went up with the same percentage, the profits also went UP. Example: cost of something was 8 USD, price was 10 USD, profit was 2 USD After 40% increase: cost is now 11.20, price is now 14 and profit is now 2.8, also up 40%! Margin is still 25%, but in absolute terms, profit is higher.
Gee.. Adjusted for inflation, the average US wages have been totally stagnant for roughly 30 years, I wonder why we can't afford? When will the money grubbers at the top ever realize their greed isn't helping any of us that aren't their best buds.
I'm stuck in an area where favoritism is rampant. So all the good jobs go to bubbys cousin. So now I'm working at a BK just to save up and hopefully get out. That being said, it's 15 miles from home and any spare money goes toward gas. So unfortunately, the one meal a day I get is BK slop only because workers get one free meal during break. Pay is $10/hr and I'm making dozens of bags that cost just as much within an hour. These value meals are only a value if you really want it and have the change to spare. Then the good ol business mindset of "we gave you this opportunity to be here so jump when told or live under a bridge. Thanks for being a superstar!" So yeah. Thankfully there's a gym opening up close by soon that I can unwind from corporate nonsense and keep from getting a whopper heart attack.
We recently went to McDonald's on a whim and was shocked that for 3 combos was around $40. FOR FAST FOOD!!! Service is rude and the food has shrunk but the prices keep going up? Naw, Chili's Baby Back Ribs!!!
I don’t care if your costs are up 40%… you don’t just pass that along, you work out how to get it down to 10% ….instead he just gets paid $19.2, for “let’s just raise prices”
I remember when value at Arby's mean 5 roast beef sandwiches for $5. It was pretty plain with no cheese sauce, but it fed a few friends for not much money.
Last time I had Arby's was yeah, about that. I had to go look the pics on yelp because I was curious...Can't see the price for classic but it's $12.59 for a double beef and cheddar combo. Yikes.
$15 ACTUAL meal deals at LOCAL restaurants with BETTER food. Support local business more to keep tax dollars in communities. But also, Jack In The Box literally will NEVER lose your points unlike other chains.
4:39 "I consider the $5 meal a bridge value program, and then what we'll be doing"... Is figuring out a way to raise prices again as quickly and quietly as possible
When a McDonalds meal costs more than a much better prepared meal from Wegmans (one of the most expensive grocery stores in the US), you know that McDonalds was just price gouging and customers have had enough.
I almost stopped at Wendy's today then i remembered " you have Wendy's at home". I lovr chicken sandwiches so I bought supplies for it at the grocery store
The whole downfall of the fast food industry might actually be a good thing. Consumers will hopefully begin to ditch junk food, and steer people to healthier options.
Consumers remember. They won't come back. I still know many many people that still never got the message that Dominos Pizza had a revamp even after more than a decade and millions of dollars in advertising.
Love the fact that CNBC is still massaging the corporate interests. They say franchises have "tightening profits" while not mentioning the fact that this is SOLELY because the franchise fees have massively increased last 5+ years. The $5 meal deal based on waste sheets still ends up being well over 25% profit.
Yeah, I'm not stupid enough to go back. I want whatever I want to be cheaper. They just try to lure in customers with a "value meal", hoping they'll buy other over priced stuff. Mc Chicken jumped from $1.59 ish to $3.99. That's a 200% increase. Inflation my ass.
Do you guys remember they used to have X-Large fries 🍟? When i worked at McDonald's at age 15, i used to stuff those boxes with 2x the amounts of fries necessary. Now i work for HR in government. I still remember my first job!
McDonalds almost got me back. Tried for a value meal and was told it had to be ordered in the App. Thanks McDonalds- you stopped me getting back on the fast food merry go round!
In my country, Puerto Rico, local restaurants/mom and pop diners have lowered their prices to the point that they have gained more customers that would have gone to fast foods. When you have a restaurant providing a full on meal (and a to-go option) for $8.99, people will ignore fast foods.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Turns out if you keep raising prices when you cater to low income customers. You destroy your sales growth.
Who could have seen that coming? In addition, once you lose customers, often they don't come back.
they were hoping to bank on the casino method, cash out on rich/middle class families
but they are not in business to lose money 😢
symptom of a grim reality; low income customers can't afford normal fast food anymore
Not even low income customers, who in their right mind would pay close to $20 for a Big Mac?
Honestly i enjoy the high prices because im no longer addicted to fast food.
Silver lining I guess
I partially agree. I've cut back on how often I ate out. Enjoy fast food, so I'm conflicted 😢
I hear that.
Make TACO 🌮 Great Again 🌯Del Taco
Seriously. This is a positive thing. For so long McDonald’s had prices that made you feel cheated if you ate anywhere else.
Cut corporations out of your life as much as you can. They are beholden to shareholders and nothing else.
Shocker! Turns out people ate fast food because it's cheap and not because it's good.
duh! they're using "Fast food", and "Junk food" term together,
those words mean that it's just slightly above Cat food.
barely edible.
which nobody in the right mind ever associate it as a Premium high end food.
only the delusional out of touch CEO Translated it as "Premium"
Same for the junk at the grocery store.
@@bartdoo5757What are we supposed to eat?
@@jaymendezz the less process, the better. everyone enjoys some processed food from time to time, but the majority of what you eat should be things that spoil if left at room temperature.
We were willing to look the other way because it was cheap. Tolerable, bad quality, but affordable. No longer the case. No reason to go.
This is proof of how much power we have as consumers. These businesses NEED us not the other way around.
This is the truth! But what will we see? People will just complain instead of organizing because it’s more popular to complain on tik tok instead of actually organizing and making change. Yet another social media distraction. So many complainers and not one to actually do anything because the complainers won’t unite. It’s insanely frustrating if you want change.
“We can’t help but charge high prices & pay low wages because we are making massive profits which is best spent on bonuses for CEOs & shareholders”. 🤥
Yea, I like how the dude taking the lion's share of profits is telling us how hard they have it with their 40% inflation, but damn near tripling menu prices. It's not the inflation and never was. It's this end stage capitalism pipe dream of making more money magically appear in front of investors and we're paying for it.
McDonald's charging sit-down restaurant prices for their hyper low quality food is like a mall security guard asking for an FBI agent's wage 😂
Thats the exact reason I didnt visit any fast food chain in a year. Why would I pay steak prices for fast food? It made no sense.
They know stupid, lazy ppl will still buy it so why not?
Yeah, their prices are out of control, and they use that to convince people to install their app for coupons (so they can sell your data, of course). If you just walk into a McDonalds and order food like "normal", you end up having to pay insane prices.
My wife and I took our toddler to McDonald's for the first time, and for 2 adult meals and a happy meal it was over $30! I almost walked out disgusted, but I didn't want to ruin my kid's day. The CEO is, as usual, lying through his teeth. Prices have not gone up 40%. They have nearly doubled in recent years.
Won't be going back anytime soon.
They don’t really have a choice with wages being so high in the US
How much are you guys paying for a meal? It’s less than 10 bucks in Texas for a meal
Paying $11.00 for a Big Mac meal and they can't even fill the fries or cup all the way is a major insult. 🖕
Bring back $1 McChickens!
That'll never happen
At least $2 not $4 for it
Nasty, nasty, nasty!
@@mikeicee$1.50 final offer
they have buy 1 get 1 for $1 if you ask
Remember people, you have the power, not them. They need your money to stay in business. If you want them to listen don't give them your money plain and simple.
TACO Lives Matter 🌮
@@KamBar2020dated comment. Are you still stuck in 2020-2021?
@@TheIcecoldorange LOL 😆
The problem is many people can't cook, don't want to learn, will eat anything and want food fast when they get hungry. Therefore fast food outlets will always thrive off of them.
Exactly, if you don't like capitalism, just don't use it.
For me, the breaking point was nearly $4 for a hash brown. I cook for myself at home. It’s less expensive and healthier. So I’m not going back.
MCDS. $4 hash brown and almost $4 for ice cream cone more for cup. But they did keep the drink $1.50 here in SF. Occasionally I see it just over $1.
You can get like a 20 pack for 5 bucks at a grocery store
Poor customer service on top of low quality foods at a cheap price. I wonder why their business model failed.
You mean low quality food at an expensive price.
@@ThugByChoiceboth
I'm not sure how good the customer service can be at those low prices. I don't really care for the customer service at these places. I think that's why they are switching to the app model where you barely have to interact. You share a code, pick up your food, and get on your way
Slava TACOs 🌮 Heroyam Burritos 🌯
Yeah ChikFila is winning because they actually have great service for a fast food joint. They have tons of employees working and you always get your stuff fast.
McDonalds should get a clue
Total BS.. How is In&Out able to keep their prices under control with plenty of demand and not them? It’s corporate greed, plain and simple
Exactly...diff is in n out isn't on the stock exchange
Bring back the snackwrap for $1, and I'll consider eating at garbage ass McDonald's again 😂
You'll never see $1.00 items anymore. The supply chain is too expensive for them to make it that cheap.
@@AllenHanPRdon’t care bring back the snackwrap 1$
The spicy chicken wrap at Burger King is pretty tasty.
@@LeePrzy If you'd stop stamping your feet like a toddler, maybe you could learn basic economics.
Remember the chicken fajitas from the 90's??? I wish they'd bring that back as well, and the California Cobb Salad.
I don't eat fast food much but I bet this so-called "Value meal" are items they've shrunk in size.
l better eat tofu + tempeh + egg than not healty junk food,,, 😂
But that’s a good thing because everybody’s fat as hell
It has. 4 piece nuggets and burger size has shrunk.
Yes. It’s called shrinkflation.
@@ocampbell1954 I agree. The burgers are super small now lol. I just eat at home now.
I haven’t been to McDonald’s in a while and I stopped by today. Almost $9 for a vanilla cone and a cheeseburger. Insanity.
Insanity indeed.
Still not worth it. Please, don't fall for this.😑
I quit all these may get Wendy’s occasionally
Agree ! Don't give in !
@@mikemaybe5999 I love Wendy's. I went to Mexico to escape the communist vax mandates but we don't have a Wendy's over in Guadalajara. There's one in Mexico City but I ain't flying to the capital just for a burger lol. I go to Chilly's every now and then but it's really expensive, even more so than NalgDonalds. McDonald's big macs are now really small down here too yet they cost about 5 U.S in Mexican pesos, and the bun is always burnt and dry.
Fall for what? If people enjoy the food and deem it worth the value, good for them. Don’t judge people for the food, or anything, they like.
@@Solisium-Channel chill is slaps ha
I went by a McD's at 4pm today and it was zero cars in the lot, zero in drive through. And then where I got gas was a BK, that too, no cars in drive thru at like 5pm
Fast food restaurants got greedy and now people stopped buying their food and now people cook at home way more often. Fast food restaurants can't reverse the behaviour changes now as it's too late.
@Xenomorph-hb4zf I just went to taco bell and the prices were ridiculous high for even just one hard taco for almost 4 dollars???
Not any more!!
Shows that they could have done these deals the whole time, but took advantage of market conditions after covid to "supercharge" profits. This is why anti price gouging legislation is crucial. The second their data sees consumers pulling back on spending, they adjust their prices to give their customers a "deal". But actually they're just taking slightly less advantage to ensure their performance matches investor expectations. Businesses will always maximize profits, which is expected. But during unprecedented global events, taking maximum advantage of your customers should leave a bad taste in anyone's mouth, no pun intended.
The so called "consumer" is always free not to eat McD's cancerous junk.
I understand there are problem zones in America and fresh produce is more expensive than ever.
But there has to be another way. I refuse to believe that McDonalds is supposed to be a pillar of American nutrition.
Yep, they slipped off the peak of the bell curve.
Lol at legislation. It's a supply and demand issue.
@NinjaGasher13 You definitely don't know what you're talking about. What is all of your theories BASED ON.....absolutely nothing but EMPTY opinions.
@@PatrickRockwell24 Three reports from my state actually. Greedflation: How Corporations are Making Record Profits on the Backs of American Families, Stuffing Their Pockets: How Big Food and Agriculture Businesses are Making Your Holiday Meals More Expensive, and Shrinkflation: How Corporations are Shrinking Products to Super-Size Profits. You can read them if you want, they're easy to find online. And there are many more reports from other state departments and economic firms. And what's your source again, Reuters or something?
5 layer burrito from Taco Bell for 0.89 was the real value champ.
Last time I had taco bell (del taco is the dominant force here) it was the beef and potato burrito for like a dollar that got me addicted for a short time.
If the costs have gone up, how are they suddenly "miraculously" able to slash prices?
Let’s cook at home, cheaper and healthier
That's true, but it's not convenient especially for those who have lost the incentive to put forth the little bit of effort to do something beneficial for themselves. Depressed consumers are a cash cow.
Most people work long shifts and so fast food is a fast meal. Plus even food prices at the grocery store is insane
Home food was cheaper. Not anymore. Groceries have sky rocketed also
@@leeeroyjenkinss it's still cheaper. Just got to menu plan. Helps also if you order in bulk and split costs with friends 🙂
Yeap. Can get an 8 pack of patties, buns, sliced cheese and condiments for less.
Videos like this are to make you feel bad that franchisee's are being squeezed and are struggling and it's our fault. Meanwhile corporations are making record profits and the CEO gets salary increases.
Make Pizza 🍕 Great Again 😎 Mafioso Italiano
They were making record profits because the government gave everyone tons of free money out of thin air and everyone went and spent it. Hope this helps
Exactly it’s all BS! They keep blaming the regular people yet all the elites are making more and more money
Exactly, because we should feel bad for the franchisees. They’re everyday people like us. Corporations aren’t making record profits either, please get informed.
Nobody is forced to be a franchisee, nobody is forced to pay to CEO anything, nobody is forced to buy anything from anyone.
The Franchisees need to remember. The longer you go with little to no customers you will eventually close. More and more customers are just hitting the grocery store. Not just for their groceries but also for their hot bar, sub station, sushi, ramen, etc... They offer it all for less. Fast food prices are so high their competitor has become the grocery store.
yeah but then you lose time cooking for yourself
Spot on. I learned the deli in the family run grocery store where I frequently pass by between job sites around lunch time had a large selection of filling lunch specials (home made quality) daily averaging around $4-5 including a drink. I began searching for better value alternatives once I was spending ~$14 on a combo meal anywhere else and now I know I can get in and out of the grocery store just as fast. I very rarely go to fast food shops anymore, they pushed me away and these new deals they are offering aren't really enticing me. prices are too high, I being told to use the kiosk to place my own orders rather than place them at the register and the food quality and sizes have really diminished.
@@RAHULTMNT100that was a value exchange of time vs price of food that made sense in the past when prices were lower. When spending time to make your own food saves you money in amounts this large, the time spent making it becomes a better deal
Sushi is like $40 ayce, stopped going a long time ago. And there is a Lot of competition here in southern california. Ramen, on the other hand. I've gotten really good at making some dynamite ramen recipes.
My local McDonald’s average is about $550,000 in net sales about nine months of the year with a decline in the winter months. If you’re franchisee doing 6 million in sales every year you’re not struggling you’re making bank. And the reality is is that most restaurant franchise own more than one franchise some own 4 to 5 franchises because if you run a franchise in one area and the opportunity to open another franchise in a nearby area becomes available that franchisee normally gets first dibs. So don’t think that a restaurant franchise owner only has one restaurant and that’s it because that most likely is very far from the truth. I just hate the gaslighting that goes on whenever somebody says oh the poor McDonald’s owner Mike, please that person is doing quite well for themselves if they own a McDonald’s. Don’t feel sorry for them feel sorry for their employees.
As fast food got pricy , people start eating healthy and less processed food... it's a win win for humanitarian health ❤😊😅
Amen! I hope people continue to make food at home and skip all this fake food.
A lot of the food in grocery store are highly processed, that is why they have long shelf lives
Make TACOs Great Again 🌮Sinaloan Cartel 😎
Grocery is getting expensive too
There's been enough social experiments on the population this decade
Value menus have lost all its meaning when i can go to costco without membership and get 2 hotdogs with a soda for $3.08
You definitely need a Costco membership to order food at the food court. If your location hasn’t implemented that, it 100% will soon.
Costco is doing away with that now. Those hot dogs are sold at a loss to them. If you want one, you’re gonna have to show them the color of your money for a membership soon.
McDonald's own the means of production. Sounds like they are overcharging franchise and customers
Bingo!
Every ingredient, product, tool, appliance, and accessory used in their restaurants from the grill to cook the burgers to the bleach to clean the laundry has to be purchased by the franchisee from McDonald’s. The company makes billions, squeezes the franchisees, then leaves them out to dry when times get tough.
Funny how corporations complain about labor cost increases and other costs going up while they celebrate making record profits and CEO pay increases.
Which fast food companies claimed to be making record profits?
@@PatrickRockwell24. McDonalds can’t be paying a $6.68 dividend per share if they aren’t making a profit. And without customers you’re out of business.
@@mikefialko2979 That's not what I asked you Bubba, typical deflection.
Which fast food companies have claimed record profits? It's a simple question that deserves a simple answer.
@@PatrickRockwell24
'Which fast food companies have claimed record profits?'
'McDonald's gross profit for the twelve months ending June 30, 2024 was $14.674B, a 5.56% increase year-over-year. McDonald's annual gross profit for 2023 was $14.563B, a 10.26% increase from 2022. McDonald's annual gross profit for 2022 was $13.207B, a 4.98% increase from 2021.'
google is your friend,boy.
dont be lazy,
LOL!
@@PatrickRockwell24gross profit represents revenue remaining after the costs of production have been subtracted from revenue....
It’s always a red flag when any massive corporation describes themself as a “family”.
And most *especially* when so-called news stations are schilling for them. 🙄 It's embarrassing.
Wendy's 4 for 4 is the only one that's worth it. What a deal.
if you loved yourself you wouldn't at any price
It's $7 here in Colorado 😢 and I'm not even in Denver!
It's not 4 for $4 anymore over here
4 for 4?? Here in SoCal it’s $8
Checker has 5 for $5
Don’t blame it on labor cost! We all know it isn’t because of that!
Sure it is. Are you incapable of understanding basic economics. Their costs went up dramatically and labor costs also rose considerably after Covid.
Intake it you've never ran a business with employees before. Sad
Many restaurants in California just closed up shop with the recent wage hikes for fast food workers.
Look at the news today....
Shake Shack to shut 6 California locations, including 5 in LA, after state’s $20 minimum wage hike
It's almost like you have no idea what you're talking about
Wendy's has consistently had a "value" type meal that isn't just shrinking everything. They've kept it close to the same and had variety in the value options forever. They've earned my respect even if I only eat there once a blue moon. McDonalds, Taco Bell, and BK shouldn't be in the conversation.
Its not working as well as they thought, when prices went through the roof people found alternatives, local diners, grocery stores, taking meals from home. This turned out to be a win win for everyone, better quality and healthier food that costs much less. We should thank every fast food chain for helping us all make these much needed changes.
In-n-out has always paid well and also able to keep prices low. Stay out of the stock market and chase profits x QT.
They raised prices and lowered quality. They only care about profits not consumers. Ceo salaries are still higher than ever.
I dont understand how multi-billion dollar companies couldn't understand the reason people ate their garbage was because it was cheap. No one goes there because the food is good they go because its cheap and fast. Now adays its not cheap, fast or even what you ordered.
"Value menu war" aka just competition
Gave up on McDonald’s. Why pay for frozen foods at fresh food prices?
$1 McChickens and $1 TacoBell burritos was basically my lunch in college. I would spent about $5 for lunch.
Anyone notice that family owned Chinese sit-down restaurants that haven't jacked their prices up and make good home cooked meals aren't having this issue what so ever? It's almost like corporate greed isn't good for business 🤔. It's almost like paying your employees minimum wage under terrible working conditions leads to poor customer service and disgusting food.
when a regular priced meal costs the same price as a meal at Culver’s, Chicfila, Wingstop, etc, there’s really no reason to shop at places like Mcdonalds for worse service and food quality.
They need to drop prices , they are getting to high and have better food.
My most recent meal at McDonalds was a double cheeseburger and senior coffee, just over $3.00. If I'm looking for a better burger Chili's and In-and-Out are the go tos. McDonald's secret weapon is its coffee, cheap and excellent. I heard a radio commercial that Denny's is bringing back its $2-4-6-8 menu. Wendy's is also a go to.
The companies are overcharging each other out of pure green and then they want to pass it on to the consumer but the consumers are not having it.
On the other side of the coin, companies feel like it's okay if millions of people don't have jobs still somehow find the money to buy their crap.
Completely untenable.
Since fast food restaurants increased their prices , I have not been eating at any fast food places. This in return makes me lose weight and my blood work shows lower cholesterol, so I’m feeling better. I hope the trend of people not eating at fast food places will make our citizens healthier.
We are just starting to go to mcd's again as the other usual spots have not gotten too expensive but have gotten OUTRAGEOUS in their pricing. I am not going to pay 30 bucks to hit subway for two people, I am honestly surprised they are still in business.
I've seen their new "value" menu. $7 for a 4 chicken nuggets, like 10 French fries, and 3 sips of a drink is NOT a "value" by any stretch of the imagination. These greedy fast food places are going to go out of business unless they get serious about offering decent food for low prices again.
High prices combined with consistent horrible service from fast food workers , and poor quality food. I don’t care much for the value menus these days. I’ve already decreased my time in the drive-thru, and increased my time in the kitchen.
In the West Toronto area, a large (not extra large) McD French fries 🍟 alone was $6 Cdn a couple months ago. I can buy 10-20lbs of potatoes 🥔 for that price.
You know McDonalds is overcharging when they are talking about making around 32% net profit margins while most of their competitors are making around 15% margins...those huge price increases are going straight into profit margin.
Bringing back the value meals after price gouging to make them look like heros LOL
In Australia, McDonalds push their specials through an app. Some specials are ok, like 24 nuggets for $9.99, or a Big Mac Meal for $8, but other than that, the original menu is ridiculously expensive!
people don’t really mind spending money so much as they don’t like feeling ripped off. These greedy corporations need to overhaul everything from the top down.
This slays me! If I get a burger, I will likely get fries, but I hate the beverage choices, so I never get a drink. The “value meals” are meaningless to me. Taco Bell is the only place I might get the whole thing, as I do appreciate their strawberry freeze thingy.
Still too expensive bro. That ain’t filling up nobody. We ain’t going back.
I’m surprised that insurance companies dont charge you more if you eat at McDonald’s regularly
Shhh! Don't give them any ideas. 😂
@@kenmore01exactly 💯
Nah, if they admit obesity is medical and not moral…they will have to treat the underlying issues that lead to obesity.
They should.
Wait. If cost went up 40% and prices went up with the same percentage, the profits also went UP.
Example: cost of something was 8 USD, price was 10 USD, profit was 2 USD
After 40% increase: cost is now 11.20, price is now 14 and profit is now 2.8, also up 40%! Margin is still 25%, but in absolute terms, profit is higher.
I’ll put it this way. There’s no way in hell I am paying nearly 4 dollars for a single hash brown at McDonald’s. That is highway robbery.
The new value menu will have them on sale... two for $8. What a deal.
Gee.. Adjusted for inflation, the average US wages have been totally stagnant for roughly 30 years, I wonder why we can't afford? When will the money grubbers at the top ever realize their greed isn't helping any of us that aren't their best buds.
Bring back the $1 menu.
For $1, you can have an ice water, two popsicle sticks, and a gently-used napkin.
I'm stuck in an area where favoritism is rampant. So all the good jobs go to bubbys cousin.
So now I'm working at a BK just to save up and hopefully get out. That being said, it's 15 miles from home and any spare money goes toward gas. So unfortunately, the one meal a day I get is BK slop only because workers get one free meal during break. Pay is $10/hr and I'm making dozens of bags that cost just as much within an hour. These value meals are only a value if you really want it and have the change to spare. Then the good ol business mindset of "we gave you this opportunity to be here so jump when told or live under a bridge. Thanks for being a superstar!"
So yeah. Thankfully there's a gym opening up close by soon that I can unwind from corporate nonsense and keep from getting a whopper heart attack.
The portions are smaller, but the prices are higher! Don’t fall for it. Buy groceries and make the same meal multiple times for cheaper!
The McDonald's CEO is sitting there in Paris, trying to explain their costs going up.
'yes yes, i'll have the caviar..the good one, $300 an ounce...oh, OH RIGHT! uh, costs are up because man, greedy suppliers and covid!'
We recently went to McDonald's on a whim and was shocked that for 3 combos was around $40. FOR FAST FOOD!!! Service is rude and the food has shrunk but the prices keep going up? Naw, Chili's Baby Back Ribs!!!
Make your own food people. Dont let them win.
that CEO chris kempczinski of mc donalds made 19 million last year....
That’s actually cheap for a global brand like that.
@@Michael-te6tb Okay, but I'm tired of hearing the rich bellyaching about paying workers a living wage
I don’t care if your costs are up 40%… you don’t just pass that along, you work out how to get it down to 10% ….instead he just gets paid $19.2, for “let’s just raise prices”
I remember when value at Arby's mean 5 roast beef sandwiches for $5. It was pretty plain with no cheese sauce, but it fed a few friends for not much money.
Last time I had Arby's was yeah, about that. I had to go look the pics on yelp because I was curious...Can't see the price for classic but it's $12.59 for a double beef and cheddar combo. Yikes.
$15 ACTUAL meal deals at LOCAL restaurants with BETTER food. Support local business more to keep tax dollars in communities. But also, Jack In The Box literally will NEVER lose your points unlike other chains.
America would be a better place if fast food restaurants did fail and are not on every corner. Our healthcare system would be less stressed for sure.
4:39 "I consider the $5 meal a bridge value program, and then what we'll be doing"... Is figuring out a way to raise prices again as quickly and quietly as possible
When a McDonalds meal costs more than a much better prepared meal from Wegmans (one of the most expensive grocery stores in the US), you know that McDonalds was just price gouging and customers have had enough.
I almost stopped at Wendy's today then i remembered " you have Wendy's at home". I lovr chicken sandwiches so I bought supplies for it at the grocery store
The whole downfall of the fast food industry might actually be a good thing. Consumers will hopefully begin to ditch junk food, and steer people to healthier options.
I love how the fast food was presented like the slop it is. Fries always look tired and the burgers are a smushed mess. No quality in a "Value" meal.
Too late for me. No matter what McDonald's does to "win back" customers, I'll never eat their crap again.
Consumers remember. They won't come back. I still know many many people that still never got the message that Dominos Pizza had a revamp even after more than a decade and millions of dollars in advertising.
Love the fact that CNBC is still massaging the corporate interests. They say franchises have "tightening profits" while not mentioning the fact that this is SOLELY because the franchise fees have massively increased last 5+ years. The $5 meal deal based on waste sheets still ends up being well over 25% profit.
*And now, there is noticeably LESS PEOPLE at McDonald's* 💯
I don't care how low their prices go, I'm basically done with all of them!
They brought it back because we're buying burgers, not avocado toast, and $15 for a meal is outrageous.
How dare you blame increasing wages as increasing prices when fast food has reached record profits. They can afford it
They gonna be like "$8 for 3 meal" soon 💀 These are NOT deals. They don't care about you. Eat the rich.
The game ends when we as Americans stop playing it! We have the ability to take back the power but it has to be united
Yeah, I'm not stupid enough to go back. I want whatever I want to be cheaper. They just try to lure in customers with a "value meal", hoping they'll buy other over priced stuff.
Mc Chicken jumped from $1.59 ish to $3.99. That's a 200% increase. Inflation my ass.
In grocery store I get 10 times more frozen fries for a piece of single big fries in Mc Donald's. I see no reason overpaying.
To be the CEO of a company that peddles this level of garbage is embarrassing... selling the soul for a paycheque there for sure.
Do you guys remember they used to have X-Large fries 🍟?
When i worked at McDonald's at age 15, i used to stuff those boxes with 2x the amounts of fries necessary.
Now i work for HR in government.
I still remember my first job!
CEO Should take “ budget size salary “
McDonalds almost got me back. Tried for a value meal and was told it had to be ordered in the App. Thanks McDonalds- you stopped me getting back on the fast food merry go round!
The food is disgusting it has nothing to do with prices
Framing customers picking grocery stores over mcdonalds for meals as a bad thing is one of the funniest things I've ever heard
The only fast food item I buy is a Spicy McChicken. If that goes, then so does my business forever.
These segments never say anything in regards to the general management pay such as the CEO's and it's affect on prices
In my country, Puerto Rico, local restaurants/mom and pop diners have lowered their prices to the point that they have gained more customers that would have gone to fast foods.
When you have a restaurant providing a full on meal (and a to-go option) for $8.99, people will ignore fast foods.
Maybe the CEO and VPs should make a couple of million dollars less.
Once the Big Mac meal in my area hit $13… I had to bow out. I can go to a restaurant and get a real burger for the same price.
Watching from Canada
Hi
Watching from Peru
I try not to eat fast food anymore. It's just gotten so stupidly expensive. Not to mention how unhealthy it is.
CORPORATE GREED ISNT INFLATION