Not long ago, a crisp $5 bill would get you an entire meal at McDonald's, any day of the week.
McDonald's (MCD) reported earnings 30 days ago. What's next for the stock?
A McDonald's is pushing back on reports that its menu price hikes are greater than the inflationary rates. The average cost of a Big Mac is $5.29, according to a company executive.
All those stories about how expensive Big Mac burgers are now have made McDonald's Corp. very mad, and the fast food giant isn't going to take it anymore.
McDonald's top U.S. executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge by roughly a third since 2019 and is now preparing to roll out $5 combo meals.
A top McDonald's executive is weighing in on claims that the company has jacked up its prices by more than 100%. Joe Erlinger, president of McDonald's USA, said in an open letter the average price of a Big Mac meal today is up 27% from 2019.
Fast food has long been viewed as a cheap and convenient option for busy Americans, with prices that make consumers willing to overlook incidents such as E. Coli outbreaks at chains including Jack in the Box, Chipotle, and McDonald's, and past concerns over “mystery meat” at Taco Bell.
When it comes to McDonald's (NYSE: MCD ), both Wall Street and Main Street aren't exactly loving it right now. McDonald's stock has been pulling back in recent months.
McDonald's has opened four CosMc's locations since announcing the restaurant spinoff. The company also announced a mobile app and loyalty program for CosMc's, which will speed up service times and allow it to learn more about customers.
Mickey D's wants to offer a new monthlong $5 value meal. Its local operators argue it would cut into their already thin margins.
A price war is brewing in the fast-food industry, with McDonald's (MCD) and Burger King of Restaurant Brands International (QSR) recently announcing $5 "value meal" promotions, joining companies trying to win over inflation-weary consumers.
Recently, Zacks.com users have been paying close attention to McDonald's (MCD). This makes it worthwhile to examine what the stock has in store.