McDonald's Feels Petrol Pain

[buzzsaw_23]

McDonald's feels petrol pain
Bruce Brammall
17sep05

SKY-HIGH petrol prices are finally causing real pain for consumers according to McDonald's Australia, which yesterday warned of slumping sales growth.

The Australian arm of the US burger giant admitted 4 to 5 percentage points had been knocked off sales growth in just the past three or four weeks.

McDonald's Australia chief executive Peter Bush said the double whammy of increased mortgage interest rates in March-April and sharply higher fuel prices had come home to roost in the past month.

<snip>

Mr McDonald said shoppers, in order to save on petrol costs, were preferring to drive to shopping malls where they could get everything instead of driving to three or four different shopping strips.

http://www.heraldsun.news.com.au/common/story_page/0,5478,16626622%255E664,00.html

[kestrel91316]

1. Just a taste of what's to come eventually.

[NaturalHigh]

2. Cutting out McDonald's has helped me lose 25 pounds.

That's beside the point, though. I'm not too concerned about the corporate pig that lies behind the golden arches. The company peddles junk food to kids and makes an outrageous profit doing it.

[Piperay]

7. You probably lowered your cholesterol too

and improved your health overall.:D :thumbsup:

[AX10]

3. Ya, whatever....

:nopity:

[0007]

4. The chickens are finally getting a break, 'eh?

[DS1]

5. Oh no! Is the "Just in Time" inventory model taking a shit all over itself

?

Nope, didn't see that happening!

:sarcasm:

[TheCowsCameHome]

6. I stopped going to McDonalds and now I have less gas because of it.

Silver lining?