Household names like Chipotle and McDonald’s cautioned about flagging purchases among low-income customers.
“Flagging purchases” is an interesting way to phrase “we tripled our prices and cut staffing to the bare minimum and are surprised that it didn’t result in infinite money”.
Right? A burrito is $10+ and they wonder why people don’t go there as often.
Businesses: How can we pay our staff as little as humanly possible?
Also businesses: Why don’t people have any money to spend in my store?
It would be comical if it wasn’t so absurd.
If you’re in the business of selling slop, it has to be cheap and readily available. Nobody is paying restaurant prices for warmed over garbage.
Fast food is too expensive and people aren’t willing to pay top dollar for shit quality. Who knew?
the whole good, fast and cheap, you can only have two at once is true. when this formula is violated things fall apart. fast food is now only fast (it was never good but it used to be cheap).
I would question if it’s fast anymore either. In my days of working fast food long ago we had parameters of customer quality and speed we had to meet. I do not see any evidence that any of the chains care about any of that anymore. Why would they? They give shit for shit prices and shit speed, and people keep coming back for more. Capitalism rule, why do better when it’s not needed or required?
These restaurant g suite idiots just can’t figure out how they tripled prices and people are staying away.
They cut costs as much as possible and now they think it’s the consumer because their food is shite. See the cost cutting.
Maybe people are realizing how terrible a value it is, you can make the place look as fancy as you want, you’re still serving what’s supposed to be cheap food for crazy prices. There is no possible way you can justify blaming the consumer when the CEO is making tens of millions of dollars, he doesn’t do that fucking much, no one does.
I haven’t ate McDonald’s in over a year and I don’t plan on it ever again. Doing my part!
They must be desperate since they’re rolling out the McRob nationwide in a few days. NGL it’s tempting…
It’s interesting that McDonalds saw increased traffic among higher-income shoppers. Apparently even high income people are feeling the pressure because they’re apparently choosing to eat McDonald’s over their usual restaurants.
Mcds is so expensive now. You might as well get actual food.
I went to Taco Bell the other week and spent $20 on processed crap.
I went to a local burger joint and spent $16 on a damn good burger and fries.
You can also go to Taco Bell and get the $5 meal box, it’s one of the last fast food chains that still has a reasonably priced option.
I’d rather eat at home than eat at McDonalds.
Yes Chipotle, consumer demand is the issue, not the fact that your food safety track record reads like a Chinese bio lab
I don’t know why anyone on the west coast would eat this crap when we have legitimate taco shops. That being said we’re definitely at the end of the monopoly game a few of the worst most psychopaths own everything and working people are tapped out completely. Hard to run a consumer based economy without consumers. That’s why they are installing an oppressive facist police state with AI driven mass surveillance. A feudal dictatorship is what comes next and mass killings of anyone inconvenient to this new system. Anyway that’s why you can’t afford to buy subpar burritos
That’s a strange way to say they aren’t selling as much as they were expecting to, even a few months ago. How about, “Some restaurant chains are reporting decreased consumer spending”
Wages basically stopped rising (compared to asset prices) a couple of decades or so ago
Funny that people without any more money, aren’t able to buy as much stuff now it’s more expensive
