Business
McDonald's Cuts Coffee Prices by One-Third
By Jack Simpson
August 22, 2024
In a bold move to secure its foothold in the UK's highly competitive coffee market, McDonald's has dramatically slashed the price of its coffee by a third. This strategic decision means that an average cup of McDonald’s coffee is now approximately £2 cheaper than many other high-street competitors.
The new pricing launched on Wednesday reveals that a standard white or Americano at McDonald's will only cost consumers £1.39. Additionally, popular favorites such as latte, cappuccino, and flat white are now priced at an affordable rate of £1.99 each. Even specialty coffees have seen significant reductions, with a toffee latte costing just £2.29 and the soon-to-be-launched Twix Latte ranging between £2.29 and £2.69, depending on size.
This comes as refreshing news for UK consumers who have seen the cost of their favorite brew rise by nearly one-third over the past three years, according to research conducted by UCC Coffee, with a medium-sized latte from most high-street chains setting you back around £3.70.
The battle for dominance in the caffeine market includes both multinational chains like Costa and Starbucks along with burgeoning independent outlets, all vying for customer loyalty through quality products and enticing deals.
For instance, ordering a large latte from Starbucks via Uber Eats costs an astonishingly steep price tag of about £20 in London, while Queens of Mayfair charges up to £13 per cup! Other brands, like Joe & The Juice, charge roughly £70 for their regular (16-ounce) lattes across various locations, including Brighton, Birmingham, and Oxford, among others.
Even luxury fashion brand Prada’s café, located within Harrods department store, prices its lattes at £6.50 each, which makes Caffe Nero’s comparatively lower pricing (£4.40) seem almost reasonable despite being equivalent to Costa Coffee's rates!
Meanwhile, Pret A Manger, following the end of their £30 a month subscription plan that provided customers with five barista-made drinks daily and a 20% discount off their food menu, now offers five half-priced drinks per day for only £10 monthly.
Interestingly, Britain's most expensive coffee comes from topica beans imported from Japan's 'island of eternal youth' being sold at an astounding price of £265 per cup by Mayfair-based influencer favourite café Shot.
McDonald’s pricing decision seems to be a well-thought-out strategy to provide consumers with value-for-money offerings while maintaining quality as they continue using freshly ground Arabica beans sourced from Rainforest Alliance Certified Farms and organic milk.
Not one to rest on its laurels, however, McDonald's is also introducing several new items along with bringing back some fan favorites in September, such as the Chicken Big Mac and Philly Cheese Stack burgers, plus a Twix Caramel McFlurry priced reasonably at just £2.19.
With these aggressive strategies in place coupled with affordable rates across all UK branches (though local pricing may vary), McDonald’s appears determined to establish itself as the go-to destination for budget-friendly yet high-quality coffees amid rising competition within this market sector.
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