. The share price hit about $274 on Friday, a jump of roughly 3% for the day. On Thursday, McDonald’s reported consolidated revenues of about $5.87 billion for the third quarter, a year-over-year decline not adjusting for currency fluctuations, which beat Wall Street’s expectations and started the stock moving to new levels. The company went public in 1965. Cowen raised its price target from $280 to $293 following the results.
Companies like Coca-Cola\n \n and PepsiCo\n \n are offering food and drinks in smaller packages, to give customers less expensive options . PepsiCo\n \n ’s share price also hit an all-time high Friday. Another way to hold onto customers while raising prices is to focus on value. “Consumers are willing to tolerate” price increases because they still see McDonald’s as an affordable brand, noted CEO Chris Kempczinski during an analyst call discussing third-quarter results Thursday.
Yes, cheer the fact that due to cost of living pressures, the average person cannot afford fresh meat, fruit and vegetables and resort to eating mass produced fast food. Same trend happening globally.
Why for selling that junk food. Nothing healthy on the menu. People stop eating that crap