BELOW SUPERNAV drop zone ⇩

McDonald’s set to extend $5 Meal Deal: Report

  • Most McDonald's restaurants plan to keep the $5 deal going: Report
  • The promotion, which started June 25, was originally set to run for a month
  • Other fast-food chains have also launched value meals to win back customers
The McDonald's restaurant logo and golden arch.

FILE – The McDonald’s restaurant logo and golden arch. (AP Photo/Jeff Roberson, File)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

(NewsNation) — McDonald’s is reportedly extending its $5 Meal Deal after the promotion successfully brought back budget-conscious diners who had become frustrated with rising menu prices.

The vast majority of McDonald’s locations, 93%, have committed to selling the bundle past the initial four-week window that started June 25, according to a memo seen by Bloomberg. Some restaurants will carry the deal through August, while others have yet to decide.

Since its launch last month, the limited-time value meal has helped drive guests back to restaurants, the company said in the memo. The $5 deal includes a McDouble or McChicken, a small order of fries, a four-piece order of chicken nuggets and a small drink.

The offer could be extended even longer as the burger giant looks to bolster its “affordability plans through the rest of the year,” Bloomberg reported.

In April, McDonald’s missed quarterly profit estimates for the first time in two years as inflation-fatigued consumers became more cautious with their restaurant spending.

Other fast-food chains noticed a similar belt-tightening and have responded by introducing meal deals of their own. Last month, Burger King launched its $5 Your Way Meal, and earlier this year, Taco Bell rolled out a new Cravings Value Menu with 10 items under $3.

Nearly 30% of fast food orders had a promotion attached to them in the first three months of the year, up 3% from the same period last year, the Wall Street Journal reported, citing data from market research firm Circana. 

It remains to be seen whether those efforts will be enough to win back Americans, 78% of whom now view fast food as a “luxury,” according to a recent LendingTree survey.

McDonald’s is scheduled to announce second-quarter earnings July 29.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

61°F Clear Feels like 60°
Wind
8 mph NW
Humidity
36%
Sunrise
Sunset

Tonight

A clear sky. Low 46F. Winds NNW at 5 to 10 mph.
46°F A clear sky. Low 46F. Winds NNW at 5 to 10 mph.
Wind
8 mph NNW
Precip
0%
Sunset
Moon Phase
Waning Gibbous