CA is the third highest cost of living state in the country. I'm surprised at the cost variance.

But don't forget, McDonald's is a business. Consider this...

McDonald’s has indeed been making record profits. In fact, their stock buybacks have been quite substantial. As of December 31, 2023, they bought back approximately $851.80 million worth of their own stock1. This practice of stock buybacks involves a company purchasing its own shares, effectively reducing the number of outstanding shares in the market. As a result, the remaining shares become more valuable, and company earnings are distributed among fewer shares1.

These buybacks are part of McDonald’s financial strategy, which has contributed to their impressive financial performance. For instance, in 2023, they reported pre-tax charges related to the sale of their business in Russia, as well as gains from selling their Dynamic Yield business2. These strategic moves have bolstered their profitability and allowed them to allocate funds toward stock repurchases.

So, in a way, you could say that McDonald’s used their record profits to enhance shareholder value by buying back their own stock!

And this....

The price hike implemented by McDonald’s last year indeed had a significant impact on their financial performance. The company experienced record profits, likely due to a combination of factors, including the price increase, operational efficiency, and consumer demand.

It’s essential to recognize that pricing decisions can have multifaceted effects. While higher prices may boost short-term profits, they can also influence customer behavior, brand perception, and overall market dynamics. Companies must strike a delicate balance between maximizing revenue and maintaining customer satisfaction.

In the case of McDonald’s, the price increase appears to have been a strategic move that paid off. However, it’s crucial for businesses to consider long-term implications and customer loyalty when adjusting prices.

It looks like the trend is moving away from fast food.

"California's decision to increase the wages of fast-food employees to $20 an hour was aimed at bettering the lives of workers.

Unfortunately, it has caused a trickle down effect and increased the prices of the menu, prompting consumers to rethink how they allocate their dining dollars."

https://www.msn.com/en-us/foodanddrink/foodnews/skyrocketing-prices-mean-fast-food-has-become-a-luxury-in-california/ss-AA1nrmcb?ocid=msedgntp&pc=DCTS&cvid=cb70eecc03474def8f60d4d64f5e028a&ei=19

???

This is shocking coming from you wankie. What happened to convert you to a law-and-order mentality after the months and months of your BS stance of convicting Trump before his trial even started??

Great question that was asked. Any surprise that we have 'crickets' in response???

We didn't know you were seeing Stormy too!

The prosecution must be desperate for witnesses if it has to resort to calling her.

The courts didn't believe her before, why would they now?

Late nite clowns are exactly what they are.

Straight news reporting from beat reporters is generally fact-based and accurate...

There is certainly that!!

It's so much like you bidophile cult members to convict and sentence before the trial is done. Evidently you failed civics in high school. Assuming you went to high school, did your school even teach it?

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