McDonald’s earnings, revenue miss estimates as consumer pullback worsens
McDonald’s earnings, revenue miss estimates as consumer pullback worsens
McDonald's stock has fallen 15% year to date, dragging its market value down to $181.2 billion.
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 is on the boycott list for the Palestinian genocide. I'm really curious if that had any effect.
I would think it's not that much inside the US but McDonald's has a large global presence.
From the article:
“Industry traffic has declined in major markets like the U.S., Australia, Canada, and Germany. In several markets, we also continue to be negatively impacted by the war in the Middle East,” McDonald’s CEO Chris Kempczinski said on the company’s earnings call.
So it does seem to be working to some extent.
I boycotted McD due to this list, UK, and I really don’t miss it. It also got hella expensive and the service got worse.
I must say, boycotting things has had no Ill effect on my life and in fact I likely spend less money than before.
It's funny, because for a brief moment McDonalds had a spike in popularity when they reopened after COVID.
When they fully reopened their stores, it became clear as day that many of them had downsized in terms of staff. When your fast food is as fast as a standard burger place, it's not fast...
And they got rid of the only things I used to order. All day breakfast, and the chicken strips. U can keep the over processed nuggets Ronald. The strips were the shit. Just an actual piece of chicken, breaded and deep fried. They said they were only temporarily reducing the menu bc Covid, well, here we are 4 years later with the same shitty reduced menu. Not only that, but the bullshit that's on the menu is 3x more expensive. Those 2 things brought me.back after a long hiatus. I had started another, but I will say I grabbed a $5 meal the other night with a friend after a few drinks because it was the only thing open and they finally offered a cheap deal that they absolutely were not advertising because they didn't want people to buy it so they can go see? Price isn't the issue. Prices will increase until morale improves. Long story short, fuck McDonald's.
I’ve been boycotting McGenocide, KFC, Coca Cola, etc. for 10 months now and it’s not like it’s any effort at this point. I’m healthy and wasn’t planning on eating that garbage until Palestine is free. And at this point why would I ever eat it again? Shit food, unhealthy, expensive, supporting genocide. Why would I go back to it?
My household has boycotted them due to this so there's definitely some of us.