McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
4 months, 3 weeks ago

McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash

Associated Press  

They’re not lovin’ it. McDonald’s global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options. The company said it’s working on fixes, like meal deals and new menu items, but it expects same-store sales to be down for the next few quarters. “Consumers still recognize us as the value leader versus our key competitors, it’s clear that our value leadership gap has recently shrunk,” McDonald’s Chairman, President and CEO Chris Kempczinski said Monday during a conference call with investors. McDonald’s U.S. President Joe Erlinger said Monday that $5 meal deal sales are running ahead of expectations and are getting lower-income consumers back into McDonald’s stores.

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History of this topic

McDonald's to expand US value menu as fast food chains battle for bargain seekers
1 month ago

McDonald's to expand US value menu as fast food chains battle for bargain seekers

Associated Press  

McDonald’s will expand its U.S. value menu early next year as it continues to try to win back inflation-weary customers. Starting Jan. 7, the burger chain will let customers buy one full-priced item from a limited value menu and get another item on that menu for $1. AP AUDIO: McDonald’s to expand US value menu as fast-food chains battle for …

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak
1 month, 3 weeks ago

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak

The Independent  

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E. coli Outbreak Threatens McDonald's Value Meals
1 month, 3 weeks ago

E. coli Outbreak Threatens McDonald's Value Meals

Associated Press  

McDonald's U.S. sales rebounded in the third quarter, but a E. coli outbreak linked to the company's Quarter Pounder hamburgers could dent the recovery. Despite the setback, the value meal has been a success, with the company extending it to December at most of its U.S. stores. However, the outbreak has caused a decline in demand, with the company struggling …

McDonald's reduces popular menu item by 50 percent for one day only
2 months, 1 week ago

McDonald's reduces popular menu item by 50 percent for one day only

Daily Mail  

McDonald's customers can bag a bargain with 50 per cent off a fan favourite today. Today, Monday 14 October, fans across the UK can snap up 6 Chicken McNuggets for half price, available exclusively through the McDonald's app. The initiative means every penny spent equals one point, so by purchasing a Cheesy Bacon Flatbread, for example, 119 points will be …

Another McDonald's rival launches $5 meal deal in US as value wars heat up
3 months, 1 week ago

Another McDonald's rival launches $5 meal deal in US as value wars heat up

Daily Mail  

Popeyes has finally waded into the great fast food price war of 2024 - with its own $5 meal deal. Popeyes is offering three pieces of bone-in chicken for $5 McDonald's, Wendy's, Burger King, Starbucks, Dunkin Donuts and Taco Bell have all rolled out new value deals this year. The value wars were sparked earlier in the summer when McDonald's …

McDonald’s $5 value meal is sticking around until December
3 months, 1 week ago

McDonald’s $5 value meal is sticking around until December

CNN  

New York CNN — The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. Though McDonald’s had historically praised its ability to raise menu prices without denting sales, customers are holding on tighter to their money — diners everywhere are not going out to …

The decline of McDonald’s: How the golden arches lost their shine
4 months ago

The decline of McDonald’s: How the golden arches lost their shine

The Independent  

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KFC revamps its $5 meal deal as it battles McDonald's and Wendy's - but there's a catch
4 months, 1 week ago

KFC revamps its $5 meal deal as it battles McDonald's and Wendy's - but there's a catch

Daily Mail  

KFC has fired the lastest salvo in the fast food value wars - with a $5 meal deal plus other offers. McDonald's, Burger King and Wendy's all already have near identical $5 meal deals - with a choice of a burger, four chicken nuggets, fries and a drink. KFC's $5 Tast of KFC Deals go head to head with similar …

Why Americans are snubbing McDonald’s and Starbucks
4 months, 3 weeks ago

Why Americans are snubbing McDonald’s and Starbucks

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Earnings season for major food and beverage companies began just this week, but already we’re seeing how American spending habits are evolving in this era of strong employment, steady wages and cooling inflation. People are essentially saying “look, if I’m already going to be overpaying for food, I may …

McDonald's is losing customers to inflation
4 months, 3 weeks ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. LEILA FADEL, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. UNIDENTIFIED PERSON: Looking for a reason to try the new $5 meal deal at McDonald's? SELYUKH: This deal for …

McDonald’s sales fall globally for first time in over three years
4 months, 3 weeks ago

McDonald’s sales fall globally for first time in over three years

Al Jazeera  

McDonald’s CEO Chris Kempczinski says low-income consumers eating at home and finding other ways to economise. McDonald’s worldwide sales fell 1 percent in the April-June period, the fast food giant said on Monday, the first drop since the last quarter of 2020, when the COVID-19 pandemic and government restrictions closed businesses and kept millions of people at home. McDonald’s CEO …

McDonald's unhappy meal: Global sales fall for first time since 2020
4 months, 3 weeks ago

McDonald's unhappy meal: Global sales fall for first time since 2020

Firstpost  

Chief Executive Officer Chris Kempczinski said there is a lot more deal-thinking from consumers who have become “very discriminating”. Global comparable sales fell one per cent in the second quarter, compared with the analysts’ average estimate of a 0.5pc increase. It was set to extend that offer into August to lure back customers who have cut back on frequent restaurant …

McDonald's is losing customers to inflation
4 months, 3 weeks ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald's announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. MARY LOUISE KELLY, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. SELYUKH: For a while, McDonald's benefited a lot from people trading down, choosing to go there instead of …

Americans keep turning their backs on McDonald’s
4 months, 3 weeks ago

Americans keep turning their backs on McDonald’s

CNN  

CNN — Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, …

These healthier McDonald’s items are getting the chop
5 months, 3 weeks ago

These healthier McDonald’s items are getting the chop

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald's is axing some …

The sneaky truth about the McDonald's $5 meal revealed
6 months ago

The sneaky truth about the McDonald's $5 meal revealed

Daily Mail  

McDonald's president has come out fighting after criticism of the fast food chain's new $5 value meal - as a major catch has emerged for customers in some areas. Burger King's almost identical $5 offer launched last week, while Wendy's and Starbucks rolled out breakfast deals recently too. McDonald's also brought back app-only "Free Fries Friday" that allows customers to …

Sneaky truth about the McDonald's '$5 meal' revealed
6 months ago

Sneaky truth about the McDonald's '$5 meal' revealed

Daily Mail  

McDonald's president has come out fighting after criticism of the fast food chain's new $5 value meal. McDonald's also brought back app-only "Free Fries Friday" that allows customers to snag a free medium fry with any $1 minimum purchase through the end of 2024. They operate nine out of ten McDonald's and are worried that customers will trade down from …

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?
6 months, 1 week ago

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?

LA Times  

Millions of American families are hitting the road to start summer vacation, and ordering food on the run tends to be par for the course. After McDonald’s announcement last month, other fast food restaurants followed suit. The fast-food giant described this profit increase as having “benefited from average check growth driven by strategic menu price increases.” Price-weary diners have taken …

McDonald’s says $18 Big Mac meal was an ‘exception’ and news reports overstated its price increases
6 months, 3 weeks ago

McDonald’s says $18 Big Mac meal was an ‘exception’ and news reports overstated its price increases

Associated Press  

McDonald’s is fighting back against viral tweets and media reports that it says have exaggerated its price increases. In a post on the company’s website Wednesday, McDonald’s U.S. President Joe Erlinger said reports suggesting the price of the average Big Mac has doubled since 2019 were false. McDonald’s said the average U.S. Big Mac was $4.39 in 2019 and now …

Burger King vs McDonald's: Fast-food rivals battle it out with $5 meal deals, Wendy's says ‘stop taking…’
6 months, 3 weeks ago

Burger King vs McDonald's: Fast-food rivals battle it out with $5 meal deals, Wendy's says ‘stop taking…’

Hindustan Times  

Fast-food giants are battling it out by offering value deals to attract customers. Burger King and McDonald's are fighting to attract customers with $5 meal deals while Wendy's is offering a special $3 English Muffin deal. Burger King escalates plans for release of $5 meal While McDonald's $5 meal is set for late June, Burger King is “accelerating its value …

Fast food wars are on! Now Burger King launches a $5 meal - and will introduce it before McDonald’s launches
6 months, 4 weeks ago

Fast food wars are on! Now Burger King launches a $5 meal - and will introduce it before McDonald’s launches

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King is launching …

Fast food wars: Wendy’s offers $3 breakfast meal deal after McDonald’s unveiled $5 combo
7 months ago

Fast food wars: Wendy’s offers $3 breakfast meal deal after McDonald’s unveiled $5 combo

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fast food restaurant Wendy’s …

McDonald's plans $5 US meal deal next month to counter customer frustration over high prices
7 months, 1 week ago

McDonald's plans $5 US meal deal next month to counter customer frustration over high prices

Hindustan Times  

McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. McDonald's plans $5 US meal deal next month to counter customer frustration over high prices The deal would let customers get a four-piece McNugget, small fries, a small drink and either a McDouble burger or a McChicken …

McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices
7 months, 1 week ago

McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices

Associated Press  

McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. “We know how much it means to our customers when McDonald’s offers meaningful value and communicates it through national advertising,” McDonald’s said in a statement Wednesday. McDonald’s said earlier this year that it was seeing fewer U.S. …

Supersize me: McDonald’s plots bigger burgers
7 months, 3 weeks ago

Supersize me: McDonald’s plots bigger burgers

The Telegraph  

McDonald’s is preparing to roll out a bigger burger to help boost the fast food giant’s flagging sales. The bigger burger comes as McDonald’s grapples with sluggish demand as anti-Israel boycotts continue to hurt its sales. Pro-Palestinan campaign groups have called for diners to boycott McDonald’s after photos and videos on social media showed franchised stores in Israel offering free …

McDonald's sales miss market expectations amid boycott calls in several markets
7 months, 3 weeks ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

McDonald's plans to step up deals and marketing to combat slower fast food traffic
7 months, 3 weeks ago

McDonald's plans to step up deals and marketing to combat slower fast food traffic

Associated Press  

McDonald’s plans to step up deals and value messaging to combat slowing sales. “The consumer is certainly being very discriminating in how they spend their dollar,” McDonald’s President and CEO Chris Kempczinski said Tuesday during a conference call with investors. AP AUDIO: McDonald’s plans to step up deals and marketing to combat slower fast food traffic. Still, the same-store sales …

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa
8 months, 2 weeks ago

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa

Daily Mail  

Fast food chain McDonald's will buy back all of its Israeli restaurants following a boycott of the brand after it was criticised for giving away thousands of free meals to Israeli soldiers. McDonald's decision comes after widespread protests at its decision to give out free meals affected sales in the Middle East, Indonesia and France. Fast food chain McDonald's will …

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
8 months, 2 weeks ago

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts

Al Jazeera  

McDonald’s has been subject to boycotts since franchisee Alonyal announced it would donate free meals to the Israeli military amid Gaza war. ‘It’s a human tragedy’ In February, Kempczinski said that the war had had a “disheartening” effect on sales in Middle Eastern countries and other Muslim-majority nations such as Malaysia and Indonesia. “It’s a human tragedy, what’s going on, …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 1 week ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

$18 combo meal! After price criticism McDonalds CEO vows to cut prices
10 months, 2 weeks ago

$18 combo meal! After price criticism McDonalds CEO vows to cut prices

Hindustan Times  

McDonald’s CEO Chris Kempczinski has addressed the criticism from customers who are unhappy with the rising prices of the fast food chain’s menu items. He also revealed that customers with low incomes, earning less than $45,000 per year, were ordering less from McDonald’s, and opting to eat at home more often, as the price of groceries went down. “The battleground …

McDonald’s blames Israel’s war in Gaza for missing sales target
10 months, 2 weeks ago

McDonald’s blames Israel’s war in Gaza for missing sales target

Al Jazeera  

Slump comes after customers in Muslim countries boycotted brand over its perceived support for Israel. McDonald’s has cited Israel’s war in Gaza as a factor in the fast food giant missing its first quarterly sales target in nearly four years. McDonald’s CEO Chris Kempczinski said on Monday that the war had had a “disheartening” effect on sales in Middle Eastern …

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024
10 months, 2 weeks ago

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024

Associated Press  

After three years of exceptional sales growth, McDonald’s appears to be returning to Earth. “I think we are moving into a 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on,” McDonald’s President and CEO Chris Kempczinski said Monday during a conference call with …

McDonald's to up stake to 48% in nation, mulls more restaurants
1 year, 1 month ago

McDonald's to up stake to 48% in nation, mulls more restaurants

China Daily  

A set meal with a toy at a McDonald's restaurant in Beijing, July 22, 2023. Fast-food giant McDonald's Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. China is now our second-largest market; we've doubled our restaurants to more than 5,500 since 2017," said Chris …

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
1 year, 1 month ago

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

Associated Press  

McDonald’s said it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. McDonald’s said its U.S. traffic fell slightly in the third quarter as it saw fewer visits from customers with annual incomes of $45,000 or less. McDonald’s revenue rose 14% to $6.69 billion, ahead of the $6.56 …

McDonald's is offering 15% off its entire menu from tomorrow - but you'll have to be quick
1 year, 2 months ago

McDonald's is offering 15% off its entire menu from tomorrow - but you'll have to be quick

Daily Mail  

McDonald's is offering customers 15 per cent off its entire menu tomorrow. McDonald's is offering customers 15 per cent off its entire menu tomorrow There are some amazing Rewards available for customers to treat themselves to when point milestones are hit. From breakfast classics such as the McMuffin and delicious Breakfast Roll, to lunch and dinner staples like crispy Chicken …

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools
1 year, 4 months ago

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools

Associated Press  

McDonald’s is grinning thanks to Grimace after a marketing campaign to celebrate the “birthday” of its big purple mascot went viral and contributed to surprisingly strong second quarter sales. The price increases that have helped fuel McDonald’s sales in recent quarters will moderate as inflation comes down, Chief Financial Officer Ian Borden said Thursday in a conference call with investors. …

McDonald’s first quarter sales boosted by higher prices
1 year, 7 months ago

McDonald’s first quarter sales boosted by higher prices

Associated Press  

McDonald’s reported higher-than-expected sales in the first quarter as store traffic grew despite higher prices. Marketing campaigns, like a McSpicy chicken sandwich promotion with a streetwear brand in China, and a Valentine’s Day meal promotion in the U.S. with rappers Offset and Cardi B, also boosted the chain’s performance. “The customer certainly is dealing with some of the stress and …

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue
1 year, 8 months ago

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue

News 18  

McDonald’s is one of the largest and recognisable fast-food chains in the world, with over 40,000 locations in more than 100 countries. These numbers certainly speak about the volume of the company, but, do you know, the first day sales was $366.12 on April 15, 1955, when McDonald’s opened its first franchise on this day. 1954 Multimixer salesman Ray Kroc …

McDonald’s increases price of five menu items
1 year, 10 months ago

McDonald’s increases price of five menu items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is raising the price …

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’
1 year, 10 months ago

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to hike the price of five items …

Fast food chains report profits in US as inflation weighs on pricier restaurants
1 year, 10 months ago

Fast food chains report profits in US as inflation weighs on pricier restaurants

Firstpost  

Amid rising food prices due to inflation, fast food giants have emerged as the winner in the United States in terms of earnings. As per a CNBC report, a pattern has been seen in the food industry, with fast-food chains appealing to a broader section of customers rather than casual-dining ones or pricier restaurants. McDonald’s, for instance, saw its US …

Adult Happy Meals, McRib, feed McDonald’s sales in Q4
1 year, 10 months ago

Adult Happy Meals, McRib, feed McDonald’s sales in Q4

Associated Press  

Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher prices. Sales soared in October after McDonald’s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market. A “farewell tour” for the cult favorite McRib sandwich drew in more U.S. customers in November and World Cup …

Adult Happy Meals, McRib, feed McDonald's sales in Q4
1 year, 10 months ago

Adult Happy Meals, McRib, feed McDonald's sales in Q4

Daily Mail  

Adult Happy Meals and other limited-time promotions boosted traffic at McDonald´s restaurants during the fourth quarter despite higher prices. A "farewell tour" for the cult favorite McRib sandwich drew in more U.S. customers in November and World Cup promotions fueled double-digit increases in delivery sales in McDonald's ten largest markets. Strong sales at home helped overcome weakness in China due …

McDonald’s ends 2021 strong, but rising costs ding profit
2 years, 10 months ago

McDonald’s ends 2021 strong, but rising costs ding profit

Associated Press  

McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus restrictions. McDonald’s reported adjusted earnings of $2.23 per share, 11 cents short of Wall Street expectations, according to analysts polled by FactSet. “But it certainly will pressure both margins and cash flow,” McDonald’s raised hourly pay for 36,000 U.S. employees …

McDonald’s comes roaring back as restrictions ease
3 years, 7 months ago

McDonald’s comes roaring back as restrictions ease

Associated Press  

The bounce back for McDonald’s as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long before the pandemic broadsided the country. A new round of federal stimulus checks likely boosted first quarter sales, said McDonald’s U.S. President Joe Erlinger said. McDonald’s said around …

McDonald’s US sales strong in Q4, but COVID drags elsewhere
3 years, 10 months ago

McDonald’s US sales strong in Q4, but COVID drags elsewhere

Associated Press  

McDonald’s is back on track in the U.S. and other key markets but still seeing a sales drag from coronavirus restrictions in other parts of the world. U.S. same-store sales jumped 5.5% in the October-December period, pumped up by new menu items like spicy Chicken McNuggets and a meal deal collaboration with Colombian singer J Balvin. For the full year, …

McDonald’s reassures customers after signs in store warned of post-Brexit ingredient shortages
3 years, 11 months ago

McDonald’s reassures customers after signs in store warned of post-Brexit ingredient shortages

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Updated menu, celeb collaborations, pump McDonald’s sales
4 years, 1 month ago

Updated menu, celeb collaborations, pump McDonald’s sales

Associated Press  

McDonald’s U.S. sales roared back in the third quarter with new menu items and attention-grabbing celebrity collaborations. With new choices like spicy chicken nuggets and a meal deal promotion with rapper Travis Scott, McDonald’s exceeded most projections for the third quarter. Mason Smoot, McDonald’s chief U.S. restaurant officer, said drive-thru represents around 70% of McDonald’s sales in its top markets, …

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