Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

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

by 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
Four minors found working at Alabama poultry plant run by same firm found responsible for Mississippi teen’s death
next post
Hims & Hers Health says it will offer compounded GLP-1 injections

Related Posts

Apple loses top phonemaker spot to Samsung as...

April 16, 2024

Pandemic aid officials who overpaid vulnerable renters are...

September 24, 2023

Hermès to hike U.S. prices for iconic bags...

April 18, 2025

Fear of credit card debt adds fuel to...

December 21, 2023

Peloton shares fall after posting wider-than-expected loss, falling...

August 24, 2023

Trump’s massive 46% Vietnam tariffs could hit Nike,...

April 3, 2025

Paramount says CEO Bob Bakish is stepping down,...

May 1, 2024

Netflix stock is trading at all-time high levels...

May 4, 2025

Trump is selling $60 Bibles with ‘God Bless...

March 27, 2024

GM reports best U.S. quarterly sales since 2020

July 3, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 6

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,027)
    • Investing (2,044)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,345)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved