{"id":46050,"date":"2024-02-06T16:09:36","date_gmt":"2024-02-06T21:09:36","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=46050"},"modified":"2025-05-12T09:21:46","modified_gmt":"2025-05-12T13:21:46","slug":"mcdonalds-high-prices","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/mcdonalds-high-prices","title":{"rendered":"McDonald&#8217;s Ridiculously High Prices Are Hurting It&#8217;s McSales (Duh)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard.jpg\" alt=\"McDonald's restaurant AI\" class=\"wp-image-46054\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard.jpg 512w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard-300x300.jpg 300w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard-150x150.jpg 150w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard-370x370.jpg 370w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/mcdonalds-image-bard-270x270.jpg 270w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<p>(<em>Image created with Google Bard AI<\/em>)<\/p>\n\n\n\n<p>McDonald&#8217;s missed its first quarterly sales mark in nearly four years. And I&#8217;m not surprised. Why? Because of <strong>McDonald&#8217;s high prices<\/strong>. <\/p>\n\n\n\n<p>In this case, consumers (<em>including me<\/em>) are sick of paying $5.69 for a shrunken Big Mac, and <a href=\"https:\/\/www.fastfoodmenuprices.com\/how-much-mcdonalds-large-fry\/\" target=\"_blank\" rel=\"noreferrer noopener\">$5.04<\/a> for a Large Fry. But there&#8217;s more to the story. <\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"625\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/cFJkywdiBdI?si=8UdjPgbVw4KjnYzN\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n\n\n\n<h2>McDonald&#8217;s Restaurants In Muslim Countries Are Being Boycotted<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.thefranchiseking.com\/mcdonalds-franchisee-mayfield-heights\">The burger franchise<\/a> drew criticism after its Israel-based franchise said it had given away thousands of free meals to members of the Israeli military. That sparked calls to boycott the restaurant by those angered by Israel&#8217;s military response in Gaza.<\/p>\n\n\n\n<p>Specifically, it prompted franchisees in a few Muslim-majority countries  to put out statements that distanced themselves from McDonald&#8217;s. Those countries included Kuwait, Pakistan, France, and Singapore. And that&#8217;s part of the reason earnings were off. The other part? I said as much in the beginning of this article. <\/p>\n\n\n\n<h2>McDonald&#8217;s High Prices!<\/h2>\n\n\n\n<p>I&#8217;ve been complaining about <a href=\"https:\/\/www.thefranchiseking.com\/mcdonalds-same-store-sales\">the ridiculously high prices at McDonald&#8217;s restaurants<\/a> for the past year.<\/p>\n\n\n\n<p>With that in mind, I have a few questions. <\/p>\n\n\n\n<p>Are the company&#8217;s prices high because of the pandemic?<\/p>\n\n\n\n<p><a href=\"https:\/\/www.capitalpress.com\/state\/idaho\/potato-prices-soar-amid-tight-supplies\/article_7550e3fc-03f7-11ee-a7e5-c36eac3e687e.html\" target=\"_blank\" rel=\"noreferrer noopener\">Are potatoes still going through some things<\/a>? Or are prices down? <\/p>\n\n\n\n<p>Hint: <a href=\"https:\/\/www.potatobusiness.com\/market\/volume-is-up-and-prices-are-down-for-the-2023-u-s-potato-crop\/\" target=\"_blank\" rel=\"noreferrer noopener\">they are<\/a> down. <\/p>\n\n\n\n<p>So what gives?<\/p>\n\n\n\n<p>Is it price-gouging?<\/p>\n\n\n\n<p>I hope not.<\/p>\n\n\n\n<h2>April Update On McDonald&#8217;s High Pricing<\/h2>\n\n\n\n<p>According to <a href=\"https:\/\/www.mensjournal.com\/news\/study-reveals-mcdonalds-prices-increased\" target=\"_blank\" rel=\"noreferrer noopener\">a recent study<\/a>, &#8220;<em>McDonald\u2019s was found to be the chain which saw prices spike most significantly. The company has actually doubled the prices of some popular menu items since 2014, marking an increase of 100 percent. Some of the more common items have seen even higher increases<\/em>.&#8221;<\/p>\n\n\n\n<p>See&#8230;it&#8217;s not just me saying this. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>The Company&#8217;s Strategy Backfired: McDonald&#8217;s Earnings Are Down<\/h2>\n\n\n\n<p><strong>Note<\/strong>: According to Fortune, McDonald&#8217;s <a href=\"https:\/\/fortune.com\/2024\/02\/06\/mcdonalds-ceo-chris-kempczinski-focus-on-affordability-q4-sales\/\" target=\"_blank\" rel=\"noreferrer noopener\">had<\/a> increased its menu prices, hoping to generate more sales. <\/p>\n\n\n\n<p>However, that strategy backfired as it ended up turning off customers. especially lower-income ones. In turn, McDonald&#8217;s corporate earnings suffered.  <\/p>\n\n\n\n<p>Wait. You mean <a href=\"https:\/\/www.thefranchiseking.com\/fast-food-workers-minimum-wage\">consumers didn&#8217;t want to pay more<\/a>?<\/p>\n\n\n\n<p>I guess not, because McDonald&#8217;s CEO, Chris Kempczinski, hinted at lower prices <a href=\"https:\/\/www.usatoday.com\/story\/money\/food\/2024\/02\/06\/mcdonalds-will-focus-on-affordability-2024\/72490417007\/\" target=\"_blank\" rel=\"noreferrer noopener\">during the earnings call<\/a>:<\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#dadada\">&#8220;<em>I think what you&#8217;re going to see as you head into 2024 is probably more attention to what I would describe as affordability<\/em>.&#8221;<\/p>\n\n\n\n<p>I hope the company does, in fact, <strong>lower<\/strong> their menu prices. <a href=\"https:\/\/www.thefranchiseking.com\/franchise-news-headlines\">Look at #4<\/a>.<\/p>\n\n\n\n<p>Because this has been going on way too long. <\/p>\n\n\n\n<p><strong>P.S.<\/strong> It&#8217;s not just McDonald&#8217;s. Food prices at every restaurant and grocery store have been way too high for way too long. <\/p>\n\n\n\n<p>According to CounterPunch.org, &#8220;<em>Inflation in the grocery industry has been higher than in other industries, rising 25 percent over the past four years compared to 19 percent overall, and many have pointed to simple greed as the reason<\/em>&#8221; <a href=\"https:\/\/www.counterpunch.org\/2024\/02\/06\/the-real-reason-your-grocery-bill-is-still-so-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more<\/a>.<\/p>\n\n\n\n<p><strong>Enough already! <\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Image created with Google Bard AI) McDonald&rsquo;s missed its first quarterly sales mark in nearly four years. And I&rsquo;m not surprised. Why? Because of McDonald&rsquo;s high prices. In this case, consumers (including me) are sick of paying $5.69 for a shrunken Big Mac, and $5.04 for a Large Fry. But there&rsquo;s more to the story. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":46054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[28,56],"tags":[2249,1518],"class_list":["post-46050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-franchise-news","category-op-ed","tag-high-prices","tag-mcdonalds-earnings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>McDonald&#039;s High Prices Are Hurting Sales &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"Read how McDonald&#039;s ridiculously high prices are affecting the company&#039;s earnings. 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