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They are far outpacing inflation and wage growth. It's just greed. Gross profit for 2023 was $14.6 B, up 10% from 2022. https://cdn.financebuzz.com/filters:qua

• tonymet 3y ago
  what year was greed invented?
• orionhasyou 3y ago
  McDonald's annual cost of goods sold for 2023 was $10.931B, a 9.58% increase from 2022. McDonald's annual cost of labor for 2023 was $2.885B, a 10.24% increase from 2022. The spread on beef/lb since 2020 is 40% delta, flour 60%, and cheese over 100%. Big Cheese Industrial Complex. I guess if McDonalds is greedy for people spending more money, the workers and the farmers are greedy too. Especially in California, where workers just got a 25% wage increase. As you said, /u/imglorp, "It's just greed" https://www.cheesereporter.com/prices.htm https://www.cheesereporter.com/prices.htm