McDonald's same-store sales fall for 1st time since the pandemic, profit slides 12%

LOL

They're not lovin' it.

Extra LOOOOOOOL

McDonald's right now charges as much as sit-down restaurants do. Who would want to go there for their bland offerings at steak-and-lobster prices. Go to a sit-down restaurant instead. If your doctor tells you that you need to put some weight on, then I could see it. Their "Oh, there's inflation. Let's go for it," pricing is their fault, not their former customers.

They're loving it in my part of Tokyo. The drive-thru one is the most popular business in the area, with cars backed up a couple of blocks even outside of lunch hour. Walk past a Mac's in Tokyo midday and you're be sure to see a lengthy lineup, often out to the sidewalk.

The boycott is working

The CEO of McDonalds admits their prices are too high.

It beats me why McD is still going. Ultraprocessed garbage!

McDonald's also reported lower store traffic in France and the Middle East, where people have been boycotting the chain because of a perception that it supports Israel in the war in Gaza.

McDonald's gave free food to the IDF. There's no "perception" about it. They fed genocidal child killers.

The food sucks. Mos #1

They've priced themselves out of their purpose.

A cheap quick junky fix when we can't be bothered making something, now is so expensive it's impossible to justify not making lunch at home, or going to an actual restaurant.

"....offerings at steak-and-lobster prices"

LOL. Hyperbole much? Come on, get real. "Steak and lobster prices". LOL. Yeah, 200 yen for a cheeseburger can get you how much lobster again? Smh.

This story is about McD in the US. In terms of prices relative to other things and public interest in McDs activities in Israel, I don't think it is really comparable with McDs in Japan. My impression of McDs in Japan is that they are doing well and are trying to go upmarket. 500 yen frappe things, macaron cookies and the like.

They surely are an example of too-big-to-fail. So I am very sure that they easily can and will and even have to stand any size of obstacles. Imagine only the big losses of precarious jobs if they would close a significant number of stores. Society would quickly become poorer, crime rates would extremely rise and a lot more would be affected, also in surrounding areas and all contributing food supply or construction companies. Better never wish for them having trouble or disappearing, if you like their food or not.

That's because McDonald's had a very successful Q2 last year, when the Grimace Shake promotion stole the show. That performance proved to be hard to beat.

And it's not that consumers are avoiding fast food - Wendy's and Burger King are doing just fine

It beats me why McD is still going. Ultraprocessed garbage!

Because it's inexpensive (or used to be)

If ya can provide good food at that price, then ya can beat McD

Good food at a higher price won't beat it

"FILE - McDonald's restaurant signs are shown in in[sic] East Palestine, Ohio, Feb. 9, 2023."

How is the current situation in Palestine, Ohio relevant to McDonalds same-store sales in Japan...?

How is the current situation in Palestine, Ohio relevant to McDonalds same-store sales in Japan...?

The answer is in the first paragraph. (The word “global” Is a big hint.)

McDonald's global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options.