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this post was submitted on 07 Dec 2023
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/doubt
Yeah maybe they're opening 10,000 new stores, but when a Quarter pounder meal costs $17+tax (CAD) who's going to eat there anymore??
Oh, you want a single order of large fries? Sure, that'll be $5.79+tax. Nearly $7 for literally one potato worth of fries. Get fucked.
Terminally online people say this, but their annual profit has increased year over year except for 2020 when everything was shut down.
They had a 9.6% increase yoy from 2022. Which was itself a 5% increase from 2021.
And even with Covid they rebounded to exactly where they were as soon as the shutdowns hit.
They went down 12.7% from 2019 to 2020, but went back up 29% for 2020-2021 and has increased ever since.
So the question of who is gonna eat there is answered. It’s everyone except you apparently. Everyone else keeps buying and pushing their revenue and profit higher year over year.
They have had 2 bad years in the last 15. They probably know a wee bit more than the average Lemming.
I personally think it's that people lack the time, motivation, and/or knowledge to cook themselves. I can make a cheeseburger and fries at home for about $3-5 in about thirty minutes, including cleanup. Compared to a $15 meal, it's roughly the equivalent of saving $20/h.
Another issue could be home size is way down. If you live alone, you can't buy one hamburger bun, you have to buy 8. You can't buy a quarter pound of ground beef, minimum package size is usually 1 lb. If you buy the material to cook one meal, you're committing to cook three to seven more within the next 10 days. So you've signed up for leftovers or up to four hours of cooking.
Is that NCOS? 🤨