McDonald’s is fighting back against viral tweets and media reports that it says have exaggerated its price increases.
In a post on the company’s website Wednesday, McDonald’s U.S. President Joe Erlinger said reports suggesting the price of the average Big Mac has doubled since 2019 were false. McDonald’s said the average U.S. Big Mac was $4.39 in 2019 and now costs $5.29, a 20.5% increase.
Erlinger acknowledged that he and many franchisees were frustrated by a post on X last summer about a Big Mac meal in Connecticut that cost $18, calling the price “an exception.”
McDonald’s saw a marked slowdown in store traffic in the first three months of this year as inflation-weary customers in the U.S. and other big markets ate out less often.
“It’s clear that we — together with our franchisees — must remain laser-focused on value and affordability,” Erlinger said.
The McDonald’s across from my apt building recently closed despite having a line around the corner of the block for weekend drive through in the mornings.
Probably some real estate value fuckery. The individual McDonald’s places are “restaurants”, but McDonald’s the corporation is essentially a real estate broker.
Speaking of real estate fuckery, didn’t Red Lobster just sell their land with an indefinite lease back? Immediate infusion of cash to affect bonuses with long term operating expenses way the fuck up.
Chain restaurants are further losing their minds.