McDonald’s is extending its $5 Meal Deal promotion, launched final summer season, to cater to budget-conscious prospects. Initially billed as a limited-time response to supply aid to inflation-strapped shoppers, the promotion has gained traction with shoppers demanding worth from fast-food manufacturers. The $5 Meal Deal features a McDouble or McChicken, small fries, four-piece Hen McNuggets and a small drink.
The transfer aligns with a broader pattern within the trade, the place main fast-food chains have battled for purchasers with inexpensive meal offers since McDonald’s launched its promotion in June. Rivals, together with Burger King, Taco Bell and Wendy’s, have additionally launched value-based promotions to retain buyer loyalty amid rising meals prices, inflation issues — and even buyer outcry.
In an open letter to prospects final Might, Joe Erlinger, president of McDonald’s USA, addressed widespread studies — primarily unfold by way of social media — that menu costs had elevated greater than 100% up to now 5 years. The letter additionally rebuked claims that the chain raised costs above commonplace inflationary charges.
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“Inflationary pressures have affected all sectors of the economic system, together with ours,” Erlinger wrote. “That is why costs for a lot of of our menu objects have risen lower than the speed of inflation — and stay effectively throughout the vary of different fast service eating places.”
Whereas these offers will deliver some type of aid to inflation-strapped shoppers, FinanceBuzz, a monetary information and data web site, just lately analyzed worth meals at main fast-food eating places to find out how a lot shoppers can save by shopping for worth meals versus buying the objects individually, discovering that McDonald’s was among the many prime in worth.
With inflation nonetheless a cussed actuality for a lot of shoppers, McDonald’s goals to proceed attracting price-sensitive prospects whereas conserving its menu interesting and accessible. The $5 Meal Deal promotional extension might additional increase site visitors to its places and assist drive gross sales throughout an economically unsure time.
Learn Extra: CNBC