ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

A $24 Receipt Sparks Social Media Outrage and Debate Over Five Guys’ Prices

Consumers are grappling with the evolving landscape of fast-food prices amid economic fluctuations.
PUBLISHED MAR 7, 2024
Cover Image Source: A $24 receipt from Five Guys meal led to backlash among social media users | Getty Images | Photo by Edward Berthelot
Cover Image Source: A $24 receipt from Five Guys meal led to backlash among social media users | Getty Images | Photo by Edward Berthelot

In a recent social media storm, a $24 receipt from a Five Guys restaurant has ignited heated discussions about the popular fast-food chain's pricing. Shared by an X account named Wall Street Silver on March 1, the receipt displayed charges for a bacon cheeseburger at $12.49, a regular soda for $2.89, and a small portion of fries for an eye-watering $5.19. The total, after tax and a $2.19 tip, amounted to a hefty $24.10, per New York Post.



 

Five Guys, founded in 1986 by the Murrell family, started as a humble family business in Arlington, Virginia. The brand's rapid expansion and emphasis on quality ingredients contributed to its success and garnered a dedicated fan base. Over the years, Five Guys positioned itself as a premium fast-food option, offering customizable burgers and fresh-cut fries.

Despite its popularity, the recent uproar stems from concerns about the perceived steep increase in prices. Wall Street Silver, the X account user who shared the receipt, expressed surprise at the $22 cost for one person, prompting a wider discussion about the perceived value of Five Guys' offerings.

The viral post, viewed over 25.2 million times, triggered a lively debate on social media platforms. Many users echoed the sentiment that Five Guys' prices had become exorbitant, with comments emphasizing the high cost of a small fry—labeled as "highway robbery" by one user.

Criticism extended to the perceived simplicity of the menu items and their production costs. One commentator noted, "5 dollars for a small fry is highway robbery. It's literally just a potato and some salt. Cost them a quarter to make."

Some users even shared humorous suggestions about saving on the bill, underscoring the shock at the apparent inflation of fast-food prices. Others predicted that the ongoing trend of rising minimum wages, such as California's planned $20 per hour minimum, might contribute to further price hikes across the industry.

Five Guys burger joint in Midtown New York City | Getty Images | Photo by Noam Galai
Five Guys burger joint in Midtown New York City | Getty Images | Photo by Noam Galai

In response to the controversy, some users defended Five Guys' pricing, noting that the brand has always positioned itself as a premium option. In response to inquiries, Iain emphasized that Five Guys has no plans to introduce localized flavors, unlike other burger chains offering specialty items like McSpicy Paneer in Indian McDonald's or bamboo shoots and lotus root in Chinese KFC chicken.

As for the seemingly higher prices for its relatively concise menu, Iain clarified, "Nothing in our store is frozen. We exclusively use fresh ingredients." Iain further expressed, "Five Guys is your go-to burger joint, where familiarity with both our customers and our food is key. We aim to know you and your preferences, providing a consistent and personalized experience."

An unimpressed commentator added historical context, stating, "Five Guys was always overpriced. The same meal was $15 ten years ago." This perspective suggests that the recent pricing is in line with the brand's existing positioning and any perceived increase is consistent with the broader trend of inflation affecting the fast-food sector.

Fast-food chains, grappling with the challenges of inflation, have witnessed widespread price hikes to cope with rising costs. Chick-fil-A, for instance, increased prices by 21% since early 2022. Domino's Pizza also acknowledged planning for "a modest price increase in the low-single digits," highlighting the broader economic impact on the industry.

MORE ON MARKET REALIST
There are reasons for potential buyers to be positive but one has to be wary.
5 hours ago
The story of the Lalonde twins will surely go down in the show's history after recent events.
5 hours ago
The audience in the studio had a great time watching this round play out.
8 hours ago
Several of these retailers have seen an increase in revenue as a result.
10 hours ago
Former Biden administration Commerce Department Secretary Gina Raimondo has joined Costco.
11 hours ago
The retailer had issued a voluntary recall for the products a few weeks back.
12 hours ago
"I hope the bonus round wins tomorrow so that we have 3-5 this week," a fan reacted.
14 hours ago
The company has said that this was a way they were looking at to improve delivery service.
1 day ago
There is a chance that the administration can utilize certain legal pathways to keep the tariffs.
1 day ago
The hilarious round saw host Steve Harvey shocked into silence on a few occasions.
1 day ago
Ramsey offered insights into how millionaire couples build wealth.
1 day ago
Many have stood with the President in support of the move but there are some naysayers.
1 day ago
Scammers are getting smarter by the day and one always needs to be wary about them.
1 day ago
She did her best but her choice of letters was not good enough.
2 days ago
Shoppers are urged to be wary of the product and throw them away if purchased.
2 days ago
Despite their point of difference, both masters of trivia have a lot of respect for one another.
2 days ago
The product in question contained peanuts, a known allergen, and was mislabeled.
2 days ago
In an interview, Pichai stated that organizations will need to work through the disruption.
2 days ago
The money from the donation will go to millions of children and will help them be financially secure.
2 days ago
Kiyosaki urged people to invest in precious metals and cryptocurrency to be prepared.
3 days ago