Inflation, higher grocery prices may be driving consumers to fast food
Higher prices in grocery stores may be translating to a sales boost for fast-food chains like McDonald's.
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Oct 28, 2022, 10:01 AM
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Updated 637 days ago
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3ds agoHigher
prices in grocery stores may be translating to a sales boost for fast-food
chains like McDonald's.
The company
says sales are up more than 6%, as more and more consumers look to
get more value for their dollar when they eat.
This comes
as grocery prices have climbed some 13% in the third quarter.
McDonald's
executives pointed out that the company performed well during the last economic
downturns in 2008 and 2009, when it introduced it's "Dollar Menu" to
boost sales.