McDonald’s highly anticipated $5 value meal has arrived, giving households strapped with inflation a new option to dine out.
Under the meal deal, customers will get their pick of one of two sandwich options — a McDouble or a McChicken — plus small fries, four-piece McNuggets and a small soda as accompaniments.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MCD | MCDONALD’S CORP. | 260.38 | +0.99 | +0.38% |
It will debut on participating restaurants’ menus in the U.S. on Tuesday and be available for a “limited time” only, according to McDonald’s.
“We’re focused on living up to that legacy and offering delicious, affordable options customers can enjoy any time they walk through our doors, go through our Drive Thru or place an order through our app,” McDonald’s USA President Joe Erlinger said.
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The company has also been running a “Free Fries Friday” deal nationwide. It started that promotion, which gives customers who buy a menu item that costs at least $1 through the chain’s app a complimentary medium package of fries, last fall.
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In late April, McDonald’s CEO Chris Kempczinski noted that quick-service restaurant consumers continued to feel pressure.
“It is clear that broad-based consumer pressures persist around the world,” he said at the time. “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day to day spending, which is putting pressure on the QSR industry.”
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He also said McDonald’s “must be laser-focused on affordability” for customers.
Shares of the fast-food giant have declined 12% this year, compared to a 14% rise for the S&P 500.
The company’s overall footprint included some 42,000 restaurants at the end of March, 13,500 of which are located within the U.S.
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