By Lisa Fickenscher | New York Post
Is the $18 Big Mac combo what finally broke America?
Low-income customers making less than $45,000 per year have largely stopped ordering from McDonald’s, the fast-food giant’s chief executive Chris Kempczinski admitted Monday on an earnings call with Wall Street analysts.
A Big Mac, fries and drink has risen to nearly $18 at a handful of locations while hash browns are up to $6.
And it’s driven away customers fed up with inflation.
Global same-store sales in the latest quarter had grown just 3.4%, falling short of the 4.7% growth Wall Street had expected and largely driven by menu price increases, the company said this week.