Mcdonald's To Launch $5 Value Meal But Only For A Month
Date
5/16/2024 10:14:21 AM
(MENAFN- Baystreet) Canada Goose Seeks Momentum After Q4 earnings Beat
Under Armour Stock Drops 8% On News Of Restructuring
Deere Stock Falls 5% On Lowered Guidance
Warren Buffett's Mystery Stock Revealed To Be Insurer Chubb
Canada Goose Stock Rises 15% On Strong Earnings Previous Articles Subscribe to Get Small Cap News & Alerts Baystreet Staff - Thursday, May 16, 2024
McDonald's To Launch $5 Value Meal – But Only For A Month
The McDonald's (MCD) restaurant chain has announced plans to launch a new $5 U.S. value meal in America, but only for a limited time.
The Golden Arches has said that it will offer a $5 U.S. value meal stating on June 25 and that it will run for one month before being discontinued.
The short-term promotion will include menu items for $5 U.S. such as a McChicken and four-piece chicken nuggets, along with fries and a drink.
The launch of the value meal comes as McDonald's loses low-income customers due to price increases.
The average meal at McDonald's now costs about $10 U.S. and has been steadily rising over the last two years alongside inflation.
McDonald's recently reported mixed first-quarter financial results, with U.S. same-store sales missing targets.
During an earnings call with analysts and media, McDonald's chief executive officer (CEO) Chris Kempczinski said that the company must focus on affordability to attract customers.
It is not immediately clear why McDonald's is only offering the $5 U.S. value meal for one month, or if the company has plans to run the promotion in other countries such as Canada.
McDonald's stock has declined 7% over the last 12 months and currently trades at $273.87 U.S. per share.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN16052024000212011056ID1108222319
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.