McDonald's, Starbucks hurt as inflation keeps more people home

Aug 2, 2024 · McDonald's, Starbucks hurt as inflation keeps more people home For the first time in years, people are buying more groceries, including pricier brands, to replace restaurant outings. From McDonald ...

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Why Americans Are Snubbing McDonald’s And Starbucks

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Jul 31, 2024 · On Monday, McDonald’s reported sales fell 0.7% in the US from the same period in 2023. Diageo, the maker of Johnny Walker and a smattering of other popular booze brands, …

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Starbucks Deals, McDonald's Coupons Exist With Rewards Programs …

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Aug 11, 2022 · Starbucks, McDonald's, Taco Bell add more loyalty members. Context: Starbucks Rewards grew by 13% to 27.4 million members over the last year with 3.2 million new …

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McDonald's Sales, Profit Top Estimates As Inflation Persists

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Jan 31, 2023 · The company reported profit of $2.59 per share, an increase of 16%. Analysts on an average expected profit of $2.45. McDonald's U.S. comparable sales rose 10.3% in the …

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FAQs about McDonald's, Starbucks hurt as inflation keeps more people home Coupon?

Does inflation affect McDonald's prices?

TheStreet, a financial news site, examined how inflation has affected fast-food restaurants, which are typically known for their low prices. The outlet looked at some of McDonald's most popular menu items and compared their 2019 prices with those in 2024, using archived menu pages from fastfoodmenuprices.com. ...

Why are McDonald's prices so high?

McDonald’s then reported what has become a trend for the restaurant and its competitors: Customers saying no to higher prices. Food prices have continued to rise over the past year, but most of that increase has come from food away from home — that is, restaurants and fast-food locations — rather than the grocery store. ...

Is Starbucks expecting inflation?

"Right now, we're at a stage where everybody is expecting inflation and not overly put out by the fact that Starbucks is doing it," said Reibstein. The global coffee chain reported record-breaking sales over the quarter that ended in October. Pumpkin spice sales jumped 17% this year compared to last, noted interim CEO Howard Schultz. ...

Why did McDonald's drop in sales?

Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record. McDonald's announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. This time, it's because people are feeling the pinch of inflation. ...

Are McDonald's prices rising faster than a grocery store?

Prices at restaurants keep rising faster than at the grocery store. In fact, some grocery prices are declining, while a fast food dinner is double digits. And that's changing the math for key McDonald's customers, families and folks with lower incomes, says CEO Chris Kempczinski. ...

Is big Mac inflation a rumor?

A McDonald's location in New York, US, on Wednesday, April 6, 2023. Victor J. Blue/Bloomberg/Getty Images McDonald’s has a message for America: Rumors of Big Mac inflation are greatly exaggerated. “Recently, we have seen viral social posts and poorly sourced reports that McDonald’s has raised prices significantly beyond inflationary rates. ...