Wendy's will offer $3 breakfast deal, as rivals such as McDonald's test value meals to drive sales
Publishing timestamp: 2024-05-20 16:20:07
Summary
Wendy's to offer $3 breakfast combo meal starting Monday as restaurants struggle to win over consumers amid spending pullback. McDonald's also planning limited value meal option. Inflation impacting lower-income consumer spending. Wendy's and other fast-food chains facing challenges in driving sales.
Sentiment: MIXED
Tickers: BRK.A, MCD, WEN, YUM, GOOGL,
Keywords: food and drink, breaking news: business, wendys co, business news, business, yum! brands inc, retail industry, mcdonald's corp, restaurants, u.s. economy,
Source: https://www.cnbc.com/2024/05/20/wendys-will-offer-breakfast-meal-deal-after-mcdonalds.html