McDonaldโ€™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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McDonald's has long forgotten what is supposed to be. Cheap, low quality food. Now it is expensive, low quality food. Like you said...you can get a better burger at a restaurant for the same price if not lower. Longhorn Steakhouse has a burger lunch special for $9.99

The Whataburger sweet g spicy burger combo is all of like $12 and change after tax. And that's the large size.

And their food is actually pretty good.

Whataburger

They always decent fasr food that was better than mega corps had to offer. Goot o see them still fighting the good fight lol

Just before COVID they had started to do a bit of a rebrand. They drove the prices up a little they had a decent chicken sandwich that was made of chicken breast. They brought in better buns the burgers were still s*** but the quality was a lot higher and the price was moderately higher. After COVID hit they scrapped all the fancy stuff for the menu and kept the high prices then inflation hit and they doubled those high prices.