McDonald's will reportedly offer a $5 meal deal in an effort to lure back inflation-plagued customers as sales at fast food restaurants dip due to consumers eating more meals at home.
McDonald's Corp.'s anticipated $5 meal deal will be available for U.S. customers starting in June, but will only last for a month, according to a new report Wednesday. The budget-friendly combo will include the choice of a McDouble or a McChicken, along with four chicken nuggets, fries and a drink, a source told told CNBC. Bloomberg first reported last week that the fast food giant was in talks with its U.S.
McDonald's, which has a higher exposure to the lower-income cohort, saw its global sales growth slowing for the fourth straight quarter. think it's important to recognize that all income cohorts are seeking value," CEO Chris Kempczinski said last month on a post-earnings call. GET FOX BUSINESS ON THE GO BY CLICKING HERE McDonald's shares were up about 1% at $273.87 Wednesday afternoon following the news. The company did not immediately respond to FOX Business' request for comment. Reuters contributed to this report.
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