McDonald's exec says average menu item costs 40% more than in 2019
Publishing timestamp: 2024-05-29 16:39:28
Summary
McDonald's executive addresses claims of significant price increases, stating that prices have only gone up around 40% since 2019. The company will soon offer a $5 value meal to address consumer pullbacks. Analysts believe the promotion is more about value perception than profit.
Sentiment: NEUTRAL
Tickers: MCD,
Keywords: mcdonald's corp, retail industry, breaking news: business, restaurants, business news, business,
Source: https://www.cnbc.com/2024/05/29/mcdonalds-cost-increases.html