McDonald’s earnings, revenue miss estimates as consumer pullback worsens

donnager@lemmy.world to News@lemmy.world – 531 points – McDonald's earnings, revenue miss estimates as consumer pullback worsens
cnbc.com

Looks like McDonald's is reaping what it sowed. Shit food at shit prices and no one wants to buy?! SHOCKER.

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I went to McD’s a week ago for an Egg McMuffin meal with an extra hash brown and a large Coke for the drink: $15.00. Less than 2 years ago, this exact meal was like $5.

I hope they go down in flames at this point.

I don't understand getting to the drive-thru and seeing those prices and ordering the food anyhow. Why don't you just tell the person, "actually, never mind. this is too expensive?"

Go to a grocery store nearby and grab a deli sandwich and fountain drink. At least it'll be fresh food.

Yes, but then I'll have to get out of my car like some sort of animal. ~/s~

But then you'll finally get some exercise and do something about your sat-in bean bag chair physique. ~/s~

I don't actually own a car. I bike everywhere. Hence the /s

The sarcasm was about the car and not about being "some sort of animal"?

Was all that just so you could tell us you bike everywhere? /s

No, the /s was to show I was mocking others who do this exact thing and have this exact thought process. Why would I care if people know I bike? I live in a city where biking is way more prevalent than cars.

If you are pressed for time and/or have your hungry kids in the car then a couple of dollars isn’t a big deal. But that doesn’t mean those consumers are going to come back again after getting burned by high prices.

Starbucks raised the price of my iced coffee and changed the recipe for the brew. I still ordered and drank it, but I have cut my visits from three or four times a week to only once in the last three months. This means they lost out on not only my drink revenue, but the revenue on what I would have ordered for my wife and kids as well.

So, you're now drinking something you don't like only a few times? Just go somewhere else.

My man, sometimes there is no where better to go and you just make due.

The ones near me have a concrete curb that prevents people from leaving. You can not order, but you are sitting there waiting for everyone else to get their food.

So? You're not forced to buy anything. You're actually getting out quicker if you don't. No shame in leaving. Vote with your money.

Coke for breakfast, yuck

Edit: you can downvote all you want, I’m not wrong. If you’re drinking coke for breakfast, you’ve got issues, maybe negligent parents.

Trying not to be an ass with this info:

A large McDonalds coke is 290 calories and 77 grams of sugar (153% DV). Even a small is 150 calories and 39 grams sugar (77% DV).

I get it, I don’t like my lifestyle being attacked either and I freely admit I consciously choose some unhealthy options in my life such as having a few drinks a week and eating fatty foods or cheesecakes now and then.

But please, if you are starting your day by slamming 70 grams of sugar in your face, please reconsider lol. It’s gonna give you diabetes and ain’t no regular American can afford that.

That doesn’t even take into account what they add to the food itself 😟

My family and I live on opposite sides of the country. My dad likes to come visit pretty regularly, and I used to be concerned at how little he drank. He drank beer, but barely took a few sips of water here and there.

It wasn't until, like, his fourth visit that I realized that he drinks soda. I now stock juice when he visits. Still sugary, but I'm not stocking soda for him. Anything left when he went home would just have to be poured down the drain.

I had forgotten that many Americans just don't drink water. And yes, he is pre-diabetic (but not overweight, remarkably enough).

Yeah gross. Everyone knows dr pepper is the breakfast sort drink.

That addiction's real. Gotta take the edge off somehow

Seriously though, that sucks and it's super sad

The addiction is probably just caffeine. Try coffee or tea.

Nah, it could easily be for the sugar. When I was in high school (before I learned to properly take care of myself) I'd regularly have a redbull and a Mt Dew for breakfast multiple times a week just because I needed the caffeine and the sugar to get through school (and then working till 10 at night and having even more soda).

Very good point--I had forgotten to consider the sugar.

I mean, sure, if that's the only drug/addictive compound you think it contains

Regardless, I was moreso referring to the millions of people down south that drink coke daily with breakfast. I would never, but I can see how you assumed that

Same as coffee.

Pretty sure coffee isn’t made of high fructose corn syrup

Neither is coke in most of the world, that's an American thing.

Cane sugar is not much better...

The best choice is fresh water from a glacial stream, but I guess you just have to set your standards somewhere.

Your standard is set at having 1/3 cup of sugar in 3.5 cups of water? You do know that cane sugar is also terrible for you, right? The difference between cane sugar and HFCS is a slight difference in mix of fructose to sucrose. Cane sugar is 50/50 and HFCS is 55/45. They are both very bad for you.

Your standard does not have to be your hyperbolic example. Simple tap water is fine (excluding Flint, MI). Or if you need a sugar fix, maybe get a small/medium? Still not great for you but 80g of sugar is a fuckton of sugar cubes.

Sugar or HFCS, if you're putting 1/4c of sugar into 12oz of coffee, you have serious problems.

Coffee is not unhealthy when consumed in reasonable (normal) quantities and assuming you don't pour a quarter of a cup of sugar in there. Which most people don't, unless they're getting a "coffee beverage" like a frappe or whatever.

I went to college with a guy from Uganda who would start off his morning by filling his coffee mug 2/3 full of sugar and then topping it off with a bit of coffee. It wasn't even enough liquid to fully dissolve the sugar.

Coffee is what people drink for breakfast. If you’re drinking coke for breakfast, you probably had negligent parents.

I agree with you wholeheartedly. I do wonder how much of this is brought up from vendors being greedy as well towards McD?

What vendor is going to be able to out muscle McDs?

The one who sells the McFlurry machines for one

Isn't that some weird incestuous buisness relationship between McDs corporate and the vendor that just so happens to screw over the franchises?

I mean yeah, but I wonder how many other vendors so this kind of crap to franchises. Again, not taking any blame towards McD (they can fuck off into the sunset), I was just wondering if there was even a small percentage of chance that vendors could also have something to do with the price increases.

In the short run yes. In the medium run, no. The big corporations will buy them up and cook the books for tax write offs. McDonald's jacked up prices only to jack up corporate profits, no other reason.

But they forgot the market they're in, and they are worried that the general public has remembered.