American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

McDonald’s $5 value meal is coming in June — and staying for just a month

by admin May 18, 2024
May 18, 2024
McDonald’s $5 value meal is coming in June — and staying for just a month

McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time.

The promotion will include four items for $5 — a McChicken or McDouble, four-piece chicken nuggets, fries and a drink — and will run for roughly a month, beginning on June 25, according to a person familiar with the offering who was not authorized to speak about it publicly.

“We know how much it means to our customers when McDonald’s offers meaningful value and communicates it through national advertising. That’s been true since our very beginning and never more important than it is today,” McDonald’s said in a statement to CNBC.

CNBC last week reported the fast-food giant was working to bring a value offering to menus, with details being discussed and voted on by franchisees. An initial proposal for the meal did not clear necessary hurdles.

Coca-Cola added marketing funds to the equation to make the deal more appealing, CNBC reported Friday. In a statement on Wednesday, Coca-Cola said: “We routinely partner with our customers on marketing programs to meet consumer needs. This helps us grow our businesses together.”

Financial terms of that partnership were not disclosed.

The monthlong promotion comes at a time when restaurants are finally beginning to feel a long-anticipated consumer pullback.

McDonald’s recently reported a mixed first quarter, with U.S. same-store sales slightly missing expectations. Higher prices helped grow average checks, but some consumers pulled back as a result of the steeper costs.

“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 [quick-service restaurant] industry,” CEO Chris Kempczinski said on the company’s earnings call on April 30.

He added McDonald’s has to be “laser-focused” on affordability to attract diners.

“Great value and affordability have always been a hallmark of McDonald’s brand, and all three legs of the stool are coming together to deliver that at a time when our customers really need it. This is the power and promise of the Golden Arches,” John Palmaccio, McDonald’s owner and operator and chair of the Operators National Advertising Fund, said in a statement to CNBC on the $5 promotion.

— CNBC’s Amelia Lucas contributed to this report.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Walmart says more diners are buying its groceries as fast food gets pricey
next post
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Related Posts

PepeX poised for 250% presale surge while PEPE...

April 6, 2025

Newmont shares plunge 15% after missing earnings estimates...

October 25, 2024

This Bitcoin miner is down 25% after DeepSeek...

January 31, 2025

Walmart rolls out new training programs for skilled...

June 7, 2024

SCHD ETF stock faces headwinds and tailwinds: is...

March 10, 2025

Indian markets close: Sensex plunges 589 pts, Nifty...

April 26, 2025

Johnson & Johnson to pay $6.5 billion to...

May 6, 2024

Trump’s Canada and Mexico tariff pause sparks surge...

February 4, 2025

United Airlines hikes lounge fees to $1,400 as...

March 24, 2025

Stocks tumble again as Trump’s tariff threats push...

March 14, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved