Previous Close | 83.85 |
Open | 75.85 |
Bid | 72.75 |
Ask | 76.60 |
Strike | 215.00 |
Expire Date | 2025-01-17 |
Day's Range | 83.85 - 83.85 |
Contract Range | N/A |
Volume | |
Open Interest | 10 |
Shake Shack built a $4 billion business as an alternative to fast food, with gourmet cachet and lofty prices. But as it expands, it’s embracing a proven fast-food strategy—drive thru—while trying to preserve its premium branding. Photo: Shake Shack
McDonald's top U.S. executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge by roughly a third since 2019 and is now preparing to roll out $5 combo meals. "I can tell you that it frustrates and worries me, and many of our franchisees, when I hear about an $18 Big Mac meal being sold," said McDonald's USA President Joe Erlinger in an open letter published on the burger giant's website on Wednesday. "More worrying, though, is when people believe that this is the rule and not the exception, or when folks start to suggest that the prices of a Big Mac have risen 100% since 2019."
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