The $5 box was legit. Then they they doubled the price and I gave them two birds. There food sucked anyway, but it was cheap. They can go to H. E. Double Hockey Stick.
Well they might wanna bring back that box and other deals. With higher prices I don’t see how KFC stands a chance against anybody. I can name at least 5 other chicken chains I’d prefer to go to. Honestly surprised the place hasn’t gone belly up
It’s finally here: the long-predicted consumer pullback.
[Starbucks](https://www.cnbc.com/quotes/SBUX/) announced [a surprise drop in same-store sales](https://www.cnbc.com/2024/04/30/starbucks-sbux-earnings-q2-2024.html) for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC [also reported shrinking same-store sales](https://www.cnbc.com/2024/05/01/yum-brands-yum-q1-2024-earnings.html). And even stalwart [McDonald’s](https://www.cnbc.com/quotes/MCD/) said it has [adopted a “street-fighting mentality”](https://www.cnbc.com/2024/04/30/mcdonalds-mcd-q1-2024-earnings.html) to compete for value-minded diners.
For months, economists have been predicting that consumers would cut back on their spending in response to higher prices and interest rates. But it’s taken a while for fast-food chains to see their sales actually shrink, despite several quarters of warnings to investors that low-income consumers were weakening and other diners were trading down from pricier options.
Many restaurant companies also offered other reasons for their weak results this quarter. Starbucks said bad weather dragged its same-store sales lower. [Yum Brands](https://www.cnbc.com/quotes/YUM/), the parent company of Pizza Hut, KFC and Taco Bell, blamed January’s snowstorms and tough comparisons to a strong first quarter last year for its brands’ poor performance.
But those excuses don’t fully explain the weak quarterly results. Instead, it looks like the competition for a smaller pool of customers has grown fiercer as the diners still looking to buy a burger or cold brew become pickier with their cash.
More: [https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html](https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html)
So if this is the sign of something larger, it's bad.
We all want lower prices, but deflation on a bigger scale...is very bad for us regular worker people.
edit:
Perhaps not something to worry about today?
[https://www.reuters.com/markets/us/us-inflation-rises-line-with-expectations-march-2024-04-26/](https://www.reuters.com/markets/us/us-inflation-rises-line-with-expectations-march-2024-04-26/)
Rolling back prices that are 300% of what they should be according to inflation, is not "deflation" 🤣 It's a correction of overzealous profit margins
(Example: McChicken or McDouble sandwiches, which should cost less than $1.30 now but are more like $4)
Yea a few hundred protesters that still get shit on their fingers when they wipe are having an impact. Wonder how many Starbucks runs were made by these same folks tearing up buildings....gtfo here...
Consumer spending has actually increased. Maybe they just don't want crappy, overpriced fast food anymore. If you're poor it's cheaper to cook a healthy meal at home. If you're not poor there are much better quality options for dining out. The restaurants in my city are booming. Maybe the whole fast food model collapses without being able to hire people to work for slave wages.
And I've never understood people paying $4-$6 for coffee. You can make an excellent cup at home for a fraction of the price.
When inflation hit, post-covid, companies discovered their price is elastic, so they got greedy and started pushing price higher and higher. Now they have gone over tipping point and consumer’s behavior has changed.
The same cup of average coffee went from 3-4 dollars to 6-7 now, while there is no improvement to taste. So now I am brewing at home, starbucks is now an afterthought unless I am out and about.
>Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners.
Seeing this is a national problem, it's still a little too early to blame California's $20 minimum wage.
This is a sign of economic struggle for the poorer 80% of the population. Frankly for most folks, things haven't really changed since the end of the 2008 Great Recession and it looks like a downturn is imminent.
Nah, people are just fed up with higher prices for garbage food and service. New chicken sandwhich spots are spreading like fire, and new construction up and down my main avenue is rampant. We have forgotten what greed looks like because they normalized it
Healthcare, several times more costly than say the EU and OECD. Soon 1 million med. bankruptcies per year.
America capitalists have thrown million$ in free speech \[money\] at congress to eviscerate labor laws. There are 1,000 of complaints outstand at the NLRB. The *capitalist* party denies that funding.
So here is a portion of American capitalist greed.
The elephant in the room is extreme income inequality. How big is this elephant? **A staggering $50 trillion.** That is how much the upward redistribution of income has cost American workers over the past several decades.
**"According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the total annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month, for years before and more, every single year since."**
**That's a small house for every worker paid for by around 2000.**
They are confusing economic pull back. With overpriced corporate greed...
Nobody was going to KFC before the pullback anyway lol
Too much good Indy fried chicken in every city.
The $5 box was legit. Then they they doubled the price and I gave them two birds. There food sucked anyway, but it was cheap. They can go to H. E. Double Hockey Stick.
Well they might wanna bring back that box and other deals. With higher prices I don’t see how KFC stands a chance against anybody. I can name at least 5 other chicken chains I’d prefer to go to. Honestly surprised the place hasn’t gone belly up
It’s about time. Keep voting with your wallet everyone!
It’s finally here: the long-predicted consumer pullback. [Starbucks](https://www.cnbc.com/quotes/SBUX/) announced [a surprise drop in same-store sales](https://www.cnbc.com/2024/04/30/starbucks-sbux-earnings-q2-2024.html) for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC [also reported shrinking same-store sales](https://www.cnbc.com/2024/05/01/yum-brands-yum-q1-2024-earnings.html). And even stalwart [McDonald’s](https://www.cnbc.com/quotes/MCD/) said it has [adopted a “street-fighting mentality”](https://www.cnbc.com/2024/04/30/mcdonalds-mcd-q1-2024-earnings.html) to compete for value-minded diners. For months, economists have been predicting that consumers would cut back on their spending in response to higher prices and interest rates. But it’s taken a while for fast-food chains to see their sales actually shrink, despite several quarters of warnings to investors that low-income consumers were weakening and other diners were trading down from pricier options. Many restaurant companies also offered other reasons for their weak results this quarter. Starbucks said bad weather dragged its same-store sales lower. [Yum Brands](https://www.cnbc.com/quotes/YUM/), the parent company of Pizza Hut, KFC and Taco Bell, blamed January’s snowstorms and tough comparisons to a strong first quarter last year for its brands’ poor performance. But those excuses don’t fully explain the weak quarterly results. Instead, it looks like the competition for a smaller pool of customers has grown fiercer as the diners still looking to buy a burger or cold brew become pickier with their cash. More: [https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html](https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html)
love the Bell
So if this is the sign of something larger, it's bad. We all want lower prices, but deflation on a bigger scale...is very bad for us regular worker people. edit: Perhaps not something to worry about today? [https://www.reuters.com/markets/us/us-inflation-rises-line-with-expectations-march-2024-04-26/](https://www.reuters.com/markets/us/us-inflation-rises-line-with-expectations-march-2024-04-26/)
Rolling back prices that are 300% of what they should be according to inflation, is not "deflation" 🤣 It's a correction of overzealous profit margins (Example: McChicken or McDouble sandwiches, which should cost less than $1.30 now but are more like $4)
It’s not deflation, it’s less inflation. That’s what we want to see
BDS works keep it up
Meanwhile, Boeing, a.k.a. Black rock and Vanguard just *allegedly* murdered another whistleblower. How can we BDS these behemoths, too?
Their money is strictly government contracts, best we can do there is keep calling out these two faced politicians.
Yea a few hundred protesters that still get shit on their fingers when they wipe are having an impact. Wonder how many Starbucks runs were made by these same folks tearing up buildings....gtfo here...
Consumer spending has actually increased. Maybe they just don't want crappy, overpriced fast food anymore. If you're poor it's cheaper to cook a healthy meal at home. If you're not poor there are much better quality options for dining out. The restaurants in my city are booming. Maybe the whole fast food model collapses without being able to hire people to work for slave wages. And I've never understood people paying $4-$6 for coffee. You can make an excellent cup at home for a fraction of the price.
When inflation hit, post-covid, companies discovered their price is elastic, so they got greedy and started pushing price higher and higher. Now they have gone over tipping point and consumer’s behavior has changed. The same cup of average coffee went from 3-4 dollars to 6-7 now, while there is no improvement to taste. So now I am brewing at home, starbucks is now an afterthought unless I am out and about.
>Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners. Seeing this is a national problem, it's still a little too early to blame California's $20 minimum wage.
This is a sign of economic struggle for the poorer 80% of the population. Frankly for most folks, things haven't really changed since the end of the 2008 Great Recession and it looks like a downturn is imminent.
Nah, people are just fed up with higher prices for garbage food and service. New chicken sandwhich spots are spreading like fire, and new construction up and down my main avenue is rampant. We have forgotten what greed looks like because they normalized it
This IS American capitalism. It's going to get worse before it gets better and it...'aint' get'n better, ever.
How exactly is American capitalism different from capitalism in any other country?
Healthcare, several times more costly than say the EU and OECD. Soon 1 million med. bankruptcies per year. America capitalists have thrown million$ in free speech \[money\] at congress to eviscerate labor laws. There are 1,000 of complaints outstand at the NLRB. The *capitalist* party denies that funding. So here is a portion of American capitalist greed. The elephant in the room is extreme income inequality. How big is this elephant? **A staggering $50 trillion.** That is how much the upward redistribution of income has cost American workers over the past several decades. **"According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the total annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month, for years before and more, every single year since."** **That's a small house for every worker paid for by around 2000.**
The McDonalds I went to today was just as busy as it's ever been.
So this is how the franchise wars from Demolition Man starts then. Anyone know how to use the 3 seashells?
1. Cheaper to eat at home 2. Ozempic
Wasn’t Starbucks always way overpriced? I personally have never been there.