Fast-food restaurant sales are declining as more people choose to eat at home. McDonald's is focusing on value to cater to penny-pinching customers. Earnings have dropped for Starbucks, DoorDash, and Netflix as consumers tighten their spending due to factors like inflation and high prices. Starbucks is facing challenges with a significant drop in net income and global sales, leading to a boycott over its support for Israel. Consumers are turning away from big food brands due to rising prices, with fast food feeling more expensive than ever before.
Fast food prices have outpaced inflation since 2014 https://t.co/TX1S3eehsH
“The company this week reported a fall in sales for the first time in nearly three years…Multiple factors are to blame - including high prices, customers cutting spending and bad weather - but slow service was highighted by the Starbucks CEO. On slow service, the company said… https://t.co/E5BMcRaRmv
Rising costs are forcing some consumers to tighten their belts — especially when it comes to dining out. https://t.co/RaS0orWUlw https://t.co/LIDDAw6G9s
How to spend the May bank holiday Monday in the UK https://t.co/CIhN1NEh2o
🇺🇸 Retailers scale back self-checkouts to curb irritation — and theft https://t.co/rwfpjcLyBo
The problem isn't necessarily that fast food prices are going up, but that the United States doesn't have cheap, healthy alternatives to the corporate fast food chains -- whether that's a boulangrie in France, a deli in Italy, or a noodle shop in Japan. https://t.co/5lIp7oPGzm
Some local pharmacies may have different opening hours over the bank holiday weekend. Visit https://t.co/iBWkaz3E9j to check your local pharmacy opening times. https://t.co/unGBrQ77eK
🇺🇸 Fast food feels more expensive than ever before, and people are sick of it. Here's why. https://t.co/bEBNz0U2TY
"Restaurant chains and some food manufacturers are reporting sliding sales or slowing growth that they attribute to consumers’ inability—or refusal—to pay prices that are in some cases a third higher than prepandemic times." https://t.co/vHRGrneIur https://t.co/Q4ZJG94XFQ
Consumers are griping about economic pressures, but do their actions match their words? https://t.co/D9ie4mVSPt
we have been repeatedly told that inflation is good and desirable Consumers Fed Up With Rising Food Costs Are Ditching Big Brands https://t.co/R2IYCJDQQT
MyPOV: thanks to inflation, shrinkflation, and $20 min wages in CA, it sucks. “I’m done.” Consumers, fed up w rising prices at restaurants and supermarkets, pull back from Chips Ahoy cookies, Starbucks coffee and other big food brands. https://t.co/TTkMfkNNj2 via @WSJ
MyPOV: thanks to inflation, shrinkflation, breaking brand promises to consumers, and now $20/hour minimum wages in CA. “I’m done.” Consumers, fed up with rising prices at restaurants and supermarkets, pull back from Chips Ahoy cookies, Starbucks coffee and other big food…
🇺🇸 Aldi reveals big grocery price change — here’s how it will affect customers https://t.co/eSmqmRTJ1W
🇺🇸 Aldi looks to sharpen its cost-cutting edge https://t.co/vB0KnMSfYL
Aldi, Tesco, Lidl, Asda, Morrisons and Sainsbury's opening times for early May bank holiday 2024 https://t.co/KTEaHaDp4b
“I’m done.” Consumers, fed up with rising prices at restaurants and supermarkets, pull back from Chips Ahoy cookies, Starbucks coffee and other big food brands. https://t.co/FiKOPd0u4G
Proposed California law could force some stores to do away with self-checkout https://t.co/LG74kE18cm https://t.co/6SiLZhDAOP
🇬🇧 Aldi named cheapest supermarket in the UK for April 2024 https://t.co/O07OKTZI8q
The average food item costs 30% more than it did in 2019. Retailers have one employee to watch multiple self-checkouts so they can employ fewer people. Shrinkage increases. Retailers shocked pikachu. https://t.co/iZw1qnsHDX
Starbucks reports a 15 per cent drop in net income (to $772 million) compared to this time last year. The sharp decline in global sales; the worst since the pandemic, is the result of a global boycott over the coffee chain's support for the occupation state of Israel. https://t.co/2W24f9QlBL
Why fast-food price increases have surpassed overall inflation $MCD $JACK $CMG $YUM #retail https://t.co/u9kzmAByeE
Attention, shoppers: Store operators are modifying how they use self-checkout stations to boost their bottom lines and improve the shopping experience https://t.co/M6UPAx5ro2
🇺🇸 Restaurants are competing for frugal diners’ dollars https://t.co/jHXEJqMeJD
Is Starbucks even in control of its own destiny? Significant inflation on their largest expense (wages) & rising input costs (coffee, dairy, etc -> needed to raise prices to keep margins flat. Consumers don’t want to pay $7 for a coffee. What are they supposed to do?
Why fast-food price increases have surpassed overall inflation https://t.co/0o3cR0pr5T
$SBUX CFO: "Based on our Q2 performance and ongoing headwinds, we are revising our full year fiscal 2024 guidance. We now expect global revenue growth of low single digits, global and US comps of low single-digit decline to flat..."
$SBUX CEO: "Based on our Q2 performance and ongoing headwinds, we are revising our full year fiscal 2024 guidance. We now expect global revenue growth of low single digits, global and US comps of low single-digit decline to flat..."
Consumers who said fast food companies should be forced to pay higher wages are now penalizing the big chains that pay the big taxes - by going to stores that are under the new minimum wage threshold those consumers wanted. 'Expensive for thee not me.' https://t.co/56RzFRhqAt
London bank holiday weekends remain undefeated 🇬🇧 https://t.co/AUh2vFk6w0
Many supermarkets will have adjusted hours during the bank holiday https://t.co/D6lBNJOR89
"That won’t matter to investors if Schultz’s great hope, China, falters. In 2022 he said it was the chain’s most important market. Starbucks set a plan to open a store in the country every nine hours through 2025." @Spencerjakab https://t.co/V65YLZM6IW
Several CEOs of fast food restaurants, including the CEO of McDonalds, have made comments recently that indicate families earning below $40,000 can no longer afford to eat out. Massive food inflation and increases in labor have priced their products of reach. 🔊 https://t.co/wtLZ1x9LXb
STARBUCKS IS RUNNING OUT OF AMERICANS TO DRINK ITS EXPENSIVE COFFEE (WSJ) Pork latte, anyone? To Americans, who still get excited for pumpkin spice season, the beverage Starbucks tested in China recently sounds over the top. But desperate times call for desperate measures, and… https://t.co/1aB5kzRFHV
"These last few months it clearly seems like the restaurant consumer is slowing," UBS executive director Dennis Geiger says. "Savings are down. Interest rates are up. Obviously, pricing is up broadly..." https://t.co/AJYlzyHkfX
Earnings drop for Starbucks, DoorDash and Netflix as consumers tighten their belts. @philrosenn https://t.co/AE7SnoKrc9
🇺🇸 McDonald's says it's listening to penny-pinching customers and focusing on value https://t.co/ndWqP0En6O
🇺🇸 Fast-food restaurant sales slump as more people eat at home https://t.co/UQyLWdD78S