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
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • 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

Mackenzie Shirilla's friend Rosie Graham hits out at Netflix doc for 'pushing a narrative' after backlashNetflixMonkeys help Oxford scientists discover why 90% of humans are right-handed - lefties remain a mysteryH. Armstrong Roberts/ClassicStock/Getty ImagesPolice speak out on missing Lee Andrews 'investigation'(Instagram/@wesleeeandrews)New Married At First Sight UK series 'won't air' after rape allegationsGetty Stock Images

Advert

Choose your content:

2 hours ago
6 hours ago
8 hours ago
20 hours ago
  • YouTube/Dr. Amy - Cancer Researcher & Cancer Survivor
    2 hours ago

    Cancer researcher says two common foods and drink have been found to increase cancer risk

    Dr Amy Morris said people don't know enough about the cancer risks to make 'an informed choice'

    Lifestyle
  • Getty Stock
    6 hours ago

    Oncologist who cut open people for 17 years saw same foods in 80% of colon cancer patients

    Only a small amount can increase your risk of colon cancer

    Lifestyle
  • Getty Stock Images
    8 hours ago

    Circumcised man shares unfortunate impact surgery has had on sex life

    Around one-third of the male population worldwide is circumcised

    Lifestyle
  • Instagram/Marriage Recovery Centre
    20 hours ago

    Doctor explains seven key traits of highly narcissistic people

    Clinical psychologist Dr David B Hawkins shared several signs he has picked up on during his 40-year career

    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