McDonalds Executives Admit Democrat Policies Are Hurting Lower Income Diners.

Wednesday, February 7, 2024

In a rare admission, McDonalds executives told stockholders what "regular" people have felt and experienced for the past 30 months.

That is, Democrat President Joe Biden is bringing PAIN to the very people he promised to "lift up", when running for office!

According to Borden, menu prices increased by around ten percent in 2022 and again in 2023.

A Big Mac burger, a medium beverage, and a medium fry meal now costs $18 in some locations, up more than $10 from 2018, when former President Donald Trump was in office.

“Where you see the pressure with the U.S. consumer is that low-income consumer,” Kempczinski said during the recent McDonald's earning's call.

“Call it $45,000 and under. That consumer is pressured.”

“From an industry standpoint, we actually saw that cohort decrease in the most recent quarter, particularly, I think, as eating at home has become more affordable.”

The CEO said McDonald’s was not seeing “any real change in behavior” among middle and upper-class customers.

As for the low-income demographic, the fast-food giant plans to focus on more cheap menu items in the $1-3 range.

“The battleground is certainly with that low-income consumer,” Kempczinski added, saying that increased attention on “affordability” is needed.

Source: www.breitbart.com...

It's crazy that President Joe Biden's 2024 re-election campaign slogan is, "Let's Finish The Job!".

Considering what he's done to this country and to the world, It sounds like a threat, doesn't it? 😨

WeMustCare

a reply to: WeMustCare

Considering that McDonalds CEO Chris Kempczinski Doubled his bonus since the pandemic......He can suck it and I don't see how his opinion is reflective of the average Joe.
He has a complete disconnect from reality.
But yes let's let this dude play politics.
Clown world

a reply to: WeMustCare

These guys have jacked up the prices of meals at McD's.

Then he's blaming Biden for it. GTFOH!

It certainly sounds better than telling the truth. McDonalds' executives have jacked up the prices in order to maximize their own salaries.

If their pieces were actually reflective of current inflation, and they're admitting that fewer people are going to McDonald's, then how are they posting record profits?

a reply to: grey580

They aren't, that's just the OPs title being hyperbolic.

McDonald's Corp is just noticing that lower income people are feeling the squeeze on their affordability for Big Mac meals.
The thing is, lower income families and people are always playing catchup to inflation and will complain that fast food is always getting more expensive. Mcdonalds reports that middle class and up sales haven't changed. Which means, it's business as usual.

Moral of the story, it's cheaper to cook at home and eating out is a luxury. Also, mom and pop shops are a better option anyways because they don't rely on huge supply chains to get their goods.

a reply to: WeMustCare

The need to 'finish the job' in order to be able to 'build back better'
What else could he have meant?

I like how the Big Mac is the size of a breakfast sandwich now.

A Big Mac it is not.

Everything is shrinking quite noticeably now at least from my observations.

I also like how all these woke policies are detonating in the face of those who supported implemented them.

a reply to: WeMustCare

McDonald’s has been raising their prices for a while now. When was the last time a McDouble was a dollar?

As for the Big Mac, it’s $5.59 where I’m at… still over priced, couldn’t tell ya the last time I had one.

The story stems from a viral tic tok where they went to one of the richest counties in the country and stopped at a McDonalds at a rest stop in Connecticut. The franchise owner there is gouging motorists because they can set their own prices.

So while it’s true that McDonald’s is overpriced garbage, you somehow found a way to turn clickbait more hyperbolic. That’s quite the achievement.

It’s not just McDonalds. All the big fast food joints are getting expensive. My family doesn’t eat fast food often but when on road trips we will stop. The amount I spend on a family of five at McBurgerwendys, I could eat at a real restaurant with much better food.

Don’t even get me started on the fact that “fast food” is no longer “fast”. Almost every time I go through a drive thru, I have to sit in line for 10 minutes or longer only to get to the window and told to pull off to a parking spot to wait even longer.

F**k fast food joints.

Except Chick-fil-a. That have it down. Plus, their chicken sandwiches are delicious.

a reply to: WeMustCare

Look over here, not over there! McDonald's CEOs salary doubled and that money needs to come from somewhere, how about from the lower income diners but we will blame Biden; it will work like a charm.

McDonald’s strong sales recovery and a healthy stock price performance earned its chief executive a hefty pay increase last year.

Chris Kempczinski received a pay package of just over $20 million in 2021, according to new SEC documents filed on Monday.

That was nearly double the $10.8 million he was paid during the pandemic-plagued 2020. It was also the largest pay package received by a McDonald’s CEO since 2017, when Kempczinski’s predecessor Steve Easterbrook received $21.8 million.

www.restaurantbusinessonline.com...

a reply to: WeMustCare

In the land of the most gaslightingest, outrageously craziness, take no blame, we did this to ourselves, whiny, obliviouslynessesty, what in the kentucky fried f***ery, jabber jaw, thinks everyone is stupiderester, cockameemee, brainfarting, hellscape........ This company and their statements take the Gold Medal.

He can keep pointing that finger, he's not wrong.

He also needs to point that finger right up his own A**hole too.

WOW.

originally posted by: 5thHead
POST REMOVED BY STAFF

Reaction from McDonald diners: we're being screwed by McDonalds.

McDonalds Unsustainable Price Increases Chart: up up and away since 2016!

seekingalpha.com...

originally posted by: 5thHead
POST REMOVED BY STAFF

Crocodile tears.

Both parties have led to this inflation. Trump and Biden both passed and signed multi trillion dollar packages that lead to this inflation.

If we’re going to put blame on administrations both deserve responsibility to where we’re at.

As for the thread, it’s based off of an outlier number (the restaurant has no doubt increased prices over the years which should be noted)

But I’d get laughed off this board if I made a thread during the Trump admin talking about inflation to domestic beer prices using a beer I bought in an airport as an example.

There should be consistency and at least an attempt towards using decent facts we can all agree upon instead of using hyperbolic clickbait.

$18 for a ‘value’ meal?

Which country is this in?

a reply to: WeMustCare

Not a surprise. The Democrats don't care about low income people or low income workers, or indeed 90% of the country who may not fall into that category. They care only for banks and shareholders in multinational corporations. Much like the RINOs.

The majority of the country could starve and freeze to death in winter so long as the shareholders got a positive growth report that quarter as far as the DNC is concerned.

So how doesn't this count when a Republican is in office and Corporate greed is rampant?

This is just about RICH CEO's ripping off consumers and point fingers as a distraction and people need to wake up from it!

I haven't been to McDonalds in 15 years.
(I can't eat gluten anymore).
I remember a Big Mac being like $3 and affordable.
Now I read they are $18 in California.
It's from paying the McDonalds Salaries ... both the high executive ones and the $15 burger flipper ones.
McDonalds is no longer the affordable fast food place I remember it to be.

(Loved their breakfast sandwiches! Wish I could still have them. But probably can't afford them now anyways)