McDonald's Corp., which has been thriving during the economic downturn, saw its first-quarter profit climb nearly 4 percent as more customers worldwide came to the Golden Arches for a cheap meal.
Sales of chicken, breakfast and beverages were particularly strong, McDonald's said.
The nation's No. 1 hamburger chain said it is capturing a bigger bite of the market in nearly every part of the world as consumers cut back on their spending and look for a less-expensive alternative to sit-down restaurants.
I think that people are not paying attention to what they are doing. It is cheaper to stock up on groceries and eat in. Never has eating out been cheaper then cooking your own meals. The price for a family of three to eat at a fast food chain is at least 20-25 dollars multiply that by 3 that's about 60-75 dollars now do that for seven days and you have now just paid for a family of 10 or more. It makes no sense and it goes to show that we are still not watching our money
Hagins, Jonathan C.
POS1041
11:35
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This is an extremely interesting development out of the economic crisis. Wal-Mart as well is flourishing right now with more customers than ever. When Henry Ford established the first assembly line and one of the first mega-companies, he paid his employees a minimum wage of $5 in 1914, he encouraged his workers to treat their families well and because of such, helped establish the middle class. What Wal-Mart and McDonalds are doing is exactly the opposite. They are dismantling the middle class and the fabric of American society. Although, they did an amazing job at doing so, they took full advantage of capitalism, and convinced a nation to fund its own demise.
Eric Pate
CPO 2001
T TH 8:30
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