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McDonald's has raised prices over the last few years, and customers are responding by eating elsewhere.
During the pandemic, McDonald's (MCD -1.17%) grew with the help of higher prices, which customers were willing to pay. But as inflation has eaten into pocketbooks, the company's prices have become a problem, which Travis Hoium highlights in this video.
*Stock prices used were end-of-day prices of July 28, 2024. The video was published on July 29, 2024.
Travis Hoium has positions in Portillo's. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends the following options: short September 2024 $52 puts on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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