Faced with a customer base that believes inflation has made its food too expensive, McDonald's Corp.
Faced with a customer base that believes inflation has made its food too expensive, McDonald's Corp.
The $5 value meal will hit menu boards beginning June 25 and will last roughly a month.
Starting Monday, Wendy's will offer a $3 breakfast combination meal deal, following a similar yet limited value meal option by McDonald's.
MCD announced new long-term targets at the end of 2023, including restaurant expansion of 4-5% annually going forward. Traffic development is weak, while MCD increased prices faster than peers over the past decade. MCD expects comparable sales growth in line with GDP growth going forward. MCD can payout 125% of Free Cash Flow without weakening the balance sheet, resulting in enhanced shareholder returns.
Social media users lamented the fact that McDonald's offering doesn't include enough food and that the bundle will be available for a limited time.
McDonald's (MCD) benefits from loyalty program, footprint expansion efforts and strategic menu offerings. However, persisting inflation and macroeconomic risks hurt prospects.
McDonald's is releasing a new value meal on June 25 that will be on menus for a month. For just $5, customers will receive four items: a four-piece nugget, a McChicken or McDouble, small fries, and a small drink.
McDonald's (NYSE: MCD ) is trying to woo back customers amid high inflation with a new $5 meal deal set to take place for a limited time starting in June. The McDonald's $5 meal deal will see it offer a McChicken or a McDouble, a four-piece chicken nugget, fries and a drink.