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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Fast-food restaurant sales are declining as more people choose to eat at home. McDonald's is focusing on value to cater to penny-pinching customers. Earnings have dropped for Starbucks, DoorDash, and Netflix as consumers tighten their spending due to factors like inflation and high prices. Starbucks is facing challenges with a significant drop in net income and global sales, leading to a boycott over its support for Israel. Consumers are turning away from big food brands due to rising prices, with fast food feeling more expensive than ever before.
Fast food prices have outpaced inflation since 2014 https://t.co/TX1S3eehsH
“The company this week reported a fall in sales for the first time in nearly three years…Multiple factors are to blame - including high prices, customers cutting spending and bad weather - but slow service was highighted by the Starbucks CEO. On slow service, the company said… https://t.co/E5BMcRaRmv
Rising costs are forcing some consumers to tighten their belts — especially when it comes to dining out. https://t.co/RaS0orWUlw https://t.co/LIDDAw6G9s