Tag: fast food pricing

McDonald’s Says Goodbye Cashiers, Hello Kiosks | Forbes

McDonald’s Says Goodbye Cashiers, Hello Kiosks | Forbes

My concern about this is personal. Without my opportunity to start as a grill man, I would have never ended up running one of largest fast food chains in the world. I started working at McDonald’s making the minimum wage of 85 cents an hour. I worked hard and earned a promotion to restaurant manager […]

What higher wages means for Domino’s and McDonald’s | Arizona’s Family

What higher wages means for Domino’s and McDonald’s | Arizona’s Family

NEW YORK (CNNMoney) — Americans are finally getting paid more – and that’s creating challenges for nearly all of your favorite restaurants. Labor expenses make up an average of 25% to 30% of restaurants’ sales. Rising wages are forcing fast food and quick-service chains, including Olive Garden, LongHorn Steakhouse, Domino’s, Wendy’s, Jack in the Box, […]

McDonald’s Has Finally Solved the Value Menu Equation | The Motley Fool

McDonald’s Has Finally Solved the Value Menu Equation | The Motley Fool

Back when McDonald’s (NYSE:MCD) began offering its Dollar Menu, franchisees complained that it drove down their margins. The problem was that the menu offered extensive $1 choices that made it too easy for customers to construct a full meal from it for just a few bucks. Now, after multiple tries, it appears the fast-food chain […]

Your McDonald’s Experience Is About to Change | The Motley Fool

Your McDonald’s Experience Is About to Change | The Motley Fool

What else is McDonald’s doing? The company has also made some changes to its menu. This includes cooked-to-order Quarter Pounder hamburgers made with fresh beef. It has also revamped its menu, which CFO Kevin Ozan credited for part of the chain’s 2.9% increase in U.S. comparable-store sales in the quarter. “Sales were fueled by higher […]

Minimum Wage Increases Are Reducing Jobs for Teens | Economics21

Minimum Wage Increases Are Reducing Jobs for Teens | Economics21

The reasons for this decline matter, both to our understanding and to the welfare of the individuals involved.  If the work decline has occurred simply because teens and their families are correctly calculating that they are better off staying in school without simultaneously holding a job, then the trend might be benign.  If so, we […]

Ten Fast Food Trends That Will Shape 2018 (But Will They Make Food Safer?) | Unsafe Foods

Ten Fast Food Trends That Will Shape 2018 (But Will They Make Food Safer?) | Unsafe Foods

The year 2017 saw a lot of changes in the food market. With people choosing more and more whole foods over processed ones, baked over fried, and organic over inorganic, there is definitely a lot to look out for in 2018. As food trends change, fast food markets do too. Here are top 10 fast […]

McDonald’s returns to value pricing with $1 $2 $3 Dollar Menu | CNN Money

McDonald’s returns to value pricing with $1 $2 $3 Dollar Menu | CNN Money

McDonald’s is bringing back its legendary Dollar Menu … sort of. The fast food giant is rolling out a new menu that includes $1 items, but unlike the popular Dollar Menu that it tweaked out of existence years ago, this one includes more costly items as well. The name speaks for itself. The new menu, […]

Fast-food war: fight for customers driving down prices | NZ Herald

Fast-food war: fight for customers driving down prices | NZ Herald

The fight for customers is driving fast-food prices lower, but industry associations say it is unsustainable. Burger King is currently offering a 9-pack of chicken nuggets for $2.95 and a cheeseburger ‘Stunner Meal’ for $5, while competitor McDonald’s offers a cheeseburger and chips option for $4, and KFC a $3.90 snack box. First Retail Group […]

McDonald’s is Bringing Back the Value Menu – What it Means for Sales Strategy | CustomerThink

McDonald’s is Bringing Back the Value Menu – What it Means for Sales Strategy | CustomerThink

McDonald’s recently announced that they are bringing back their “Value Menu” in 2018. Formerly known as the “Dollar Menu,” McDonald’s is trying to offer a wider selection of low priced items to deliver everyday value prices to their customers. The former Dollar Menu was popular with customers but many McDonald’s restaurant franchise owners complained that the […]

McDonald’s rebounds with Easterbrook’s low-price McPick strategy | Crain’s Chicago Business

McDonald’s rebounds with Easterbrook’s low-price McPick strategy | Crain’s Chicago Business

Sounds a lot like the formula behind McDonald’s last great turnaround. Its Dollar Menu lifted the chain out of a slump in the early 2000s and enabled the Oak Brook company to outpace rivals in comparable-store sales from 2004 through 2011. Along the way, McDonald’s trotted out salads and other healthier menu offerings, as well […]