McDonald's executives admit diners think prices are too high, say they're working to create value
Publishing timestamp: 2024-07-29 15:28:21
Summary
McDonald's executives acknowledge that diners find their prices too high and are taking a forensic approach to evaluating prices. Despite successful $5 value meal offering, lower-income consumers are still hesitant to spend. Company is working to improve value execution and regain market share.
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Tickers: MCD,
Keywords: food and drink, mcdonald's corp, business news, restaurants, business,
Source: https://www.cnbc.com/2024/07/29/mcdonalds-earnings-executives-say-prices-are-too-high.html