Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

by admin May 21, 2024
May 21, 2024
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out.

The deal will include a small portion of seasoned potatoes and a choice of either a bacon, egg and cheese English muffin or a sausage, egg and cheese English muffin, the fast-food chain said.

The promotion comes as Wendy’s rival McDonald’s plans a similar yet limited value meal option as it tries to boost traffic. Last week, CNBC reported the fast-food giant’s $5 meal deal would be available in stores for only a month, starting June 25.

Consumers have become more selective about where they spend their dollars, and some restaurants have started to see a long expected consumer pullback. Other fast-casual chains have enjoyed strong sales despite higher prices.

As inflation lingers, companies that cater to lower-income consumers have faced a particular challenge bringing in customers.

Wendy’s earlier this month reported first-quarter revenue grew a modest 1.1% to $534.8 million. Its same-restaurant sales worldwide grew only 0.9% in the quarter.

McDonald’s missed first-quarter earnings expectations last month. Although higher prices have helped the chain’s revenue, they have scared away some low-income customers. Chief Financial Officer Ian Borden said the company has adopted a “street-fighting mentality” to compete for value-minded diners.

KFC, Pizza Hut and Taco Bell owner Yum Brands also posted a disappointing earnings report earlier this month, as revenue missed Wall Street estimates. The company cited same-store sales declines for KFC and Pizza Hut.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
The One Chart to Watch as S&P 500 Makes New All-Time Highs
next post
As their customers age, department stores chase younger shoppers

Related Posts

The fight over credit card swipe fees enters...

January 7, 2025

Tesla shares plunge 15%, steepest drop in five...

March 12, 2025

How Trump was ‘orange-pilled’ by three bitcoiners in...

August 28, 2024

Capital One acknowledges ‘outage’ as users report issues...

January 17, 2025

The housing crunch is still squeezing buyers —...

July 31, 2024

DOGE plans to wind down consumer protection agency...

March 4, 2025

GM to increase production of high-performance Cadillac Escalade...

July 18, 2024

Comcast to bundle Peacock, Netflix and Apple TV+...

May 15, 2024

With corners of the media industry in upheaval,...

July 20, 2024

Shaking seats and piped-in fog: How 4DX is...

May 29, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • ‘President of peace’: Trump tapped for Nobel Prize amid talks to end Russia-Ukraine war

      August 20, 2025
    • Trump’s push for Putin-Zelenskyy talks hinges on Kremlin’s conditions

      August 20, 2025
    • Israel eliminates Gaza terrorist who took part in October attack on kibbutz, took Yarden Bibas hostage

      August 20, 2025
    • White House rejects ‘blank checks’ for Ukraine, presses NATO to shoulder costs

      August 20, 2025
    • Justice Barrett teases new memoir in abrupt conference exit

      August 20, 2025

    Categories

    • Business (1,070)
    • Investing (2,867)
    • Politics (3,510)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved