ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Man thinks he’s worked out genius reason why Five Guys charges so much for a burger
Home>Lifestyle>Food & Drink
Updated 18:58 5 Mar 2024 GMTPublished 13:21 30 Nov 2023 GMT

Man thinks he’s worked out genius reason why Five Guys charges so much for a burger

A Five Guys burger can cost as much as £12

Bec Oakes

Bec Oakes

google discoverFollow us on Google Discover

When it comes to fast food, you really can't beat a Five Guys.

The chain is famous for its tasty burgers, incredible array of toppings and literal mountains of fries. But there's no denying that a meal at the fast food restaurant can cost a pretty penny.

Now, one man thinks he's cracked the code as to why, watch below:

Advert

In a clip posted to TikTok, author and behavioural science expert Rory Sutherland says: "Five Guys is an interesting one because no one would have thought you could charge $10 for a burger in an environment that is no more exotic than a McDonald's, right?"

But, he goes on to explain that you're actually getting a much better deal than it appears.

"If you delve a bit deeper, the burger and the shake — the two signature items — are the only things that are expensive.

"You get free drinks refills, you get an extra scoop of fries for free, you get free peanuts. All the toppings on the burger are entirely free, regardless of how many of them you want."

A Five Guys burger can cost up to £12.
Five Guys

Sutherland then gets to the crux of why the fast food chain can get away with charging up to £12 for one of their delicious burgers.

He says, "If you have a hero product (i.e. the burger), you can charge massively in an area where people think money makes a real difference provided you're remarkably ungreedy everywhere else."

And, his theory makes sense, with Five Guys explaining why their food costs as much as it does.

Quality comes at a a cost, and the fast food chain prides itself on only using the freshest of ingredients — no frozen food here!

Its meat is reportedly from a speciality supplier, which is comprised of 80 percent lean and 20 percent fat ground beef - apparently, this is the perfect ratio of yumminess.

And, its scrumptious chips are cooked in peanut oil, which can be an extremely expensive commodity.

One man thinks he's cracked the code as to why the chain's food can be so expensive.
Unsplash

Five Guys CEO Jerry Murrell explains the company's pricing structure.

"Our food prices fluctuate," Murrell says. "We do not base our price on anything but margins.

"We raise our prices to reflect whatever our food costs are. So, if the mayonnaise guy triples his price, we pay triple for the mayonnaise! And then we'll increase the price of our product."

But, while Five Guys uses the best quality ingredients across the board, Sutherland believes they only charge premiums for their 'hero products,' the products where people think price directly affects quality, while keeping the prices of their other offerings as competitive as possible.

After all, you're probably willing to pay more for a higher quality cut of steak but would roll your eyes if Tesco raised the price of potatoes.

Is anyone else craving Cajun fries all of a sudden?

Featured Image Credit: TikTok/@rorysutherlandclips/Five Guys

Topics: Business, Food And Drink, Money, TikTok, UK News, Five Guys

Bec Oakes
Bec Oakes

Recommended reads

Mystery at Blind Frog Ranch star Duane Ollinger dies aged 68DiscoveryLena the Plug 'files for divorce' from Adam22, reports claimGabe Ginsberg/Getty ImagesAlaskan Bush People star Matt Brown’s cause of death confirmedInstagram/@mattbrown511Logan Paul reveals why KSI left Sidemen after he confided in PRIME business partnerMark Blinch/Getty Images

Advert

Choose your content:

8 hours ago
15 hours ago
a day ago
  • Instagram/amberluke666
    8 hours ago

    What 'most tattooed woman' looked like before as she flies across world for 'illegal' body changes

    Amber Luke got about 98 percent of her body tattooed

    Lifestyle
  • YouTube/DrJeremyLondon
    15 hours ago

    Heart doctor shares four ‘warning signs’ men ignore until it's too late

    They can be warning signs of the biggest killer across the world

    Lifestyle
  • Getty Stock Images
    15 hours ago

    Experts share four common foods that are making your teeth yellow even if you brush twice a day

    Ever thought how your teeth have gotten so yellow?

    Lifestyle
  • Reddit/Important-Table-6486
    a day ago

    Man who spent three months injecting Melanotan II explains risky side effects he saw straight away

    "I'm quite fond of the look personally."

    Lifestyle
  • Five Guys owner explained why it costs so much after 'out of control' receipt went viral
  • Five Guys owner explained why their food is so expensive after 'out of control' receipt was shared online
  • Why you won’t have ever seen a Five Guys advert despite having 2,000 stores worldwide
  • Five Guys owner explained why their food is so expensive following viral ‘out of control’ receipt