In April, the company said customers traded down for less expensive menu items. The executive repeated this and continued to say that lower-tier customers ditched combo meals for value offerings.
The biggest takeaway is the state of the consumer and one that is not as robust as the Biden administration touts. If consumers have to trade down combo meals for value items, that is troubling ahead of what some believe is a recession.
Zerohedge
The biggest takeaway is the state of the consumer and one that is not as robust as the Biden administration touts. If consumers have to trade down combo meals for value items, that is troubling ahead of what some believe is a recession.
Zerohedge