Latest news with #ChrisKempczinski
Miami Herald
7 days ago
- Business
- Miami Herald
McDonald's to add new sandwich to its ultra-cheap menu
While as most fast-food chains it has been offering different meal deals and bundles for decades, McDonald's launched the latest iteration of the value menu in January 2025 - the McValue Meal Deal is marketed specifically to budget-conscious customers by letting them pair a sandwich with small fries, chicken McNuggets and a soft drink for $5. The "buy one, add one for $1" addition also allows customers to tack on a breakfast item like a Sausage Biscuit or a Sausage Burrito for an additional dollar. In the summer of 2024, McDonald's CEO Chris Kempczinski acknowledged that the chain had "an opportunity to improve [its] value execution" amid customer complaints that it was becoming increasingly unaffordable for many low-income visitors. "We are working to fix that with pace," Kempczinski said at an earnings call while adding that "it's clear that our value leadership gap has recently shrunk." Don't miss the move: Subscribe to TheStreet's free daily newsletter While it formerly included only the McChicken and McDouble sandwiches, the McValue Meal Deal as of July 22 now also lets customers craft a menu around the Daily Double cheeseburger for either $6 or $7 depending on the market. While similar in that both sandwiches have two beef patties, the Daily Double comes with shredded lettuce, tomato, and onions rather than simply pickles, ketchup and mustard. "With the Meal Deal, you get to enjoy it alongside a four piece Chicken McNuggets, small fries and your choice of a small, icy and refreshing soft drink - starting at $6," the chain wrote in promoting the new menu. Related: Taco Bell to add three popular desserts to permanent menu The third sandwich had already been rolled out on the value menu in select markets in Chicago, Miami, and Seattle but is now going nationwide until at least the end of 2025 - a decision that, according to the chain, is a move meant to further reach those looking for cheaper options. "At the end of the day, we expect customers will continue to feel the pinch of the economy and a higher cost of living for at least the next several quarters in this very competitive landscape," McDonald's U.S. President Joe Erlinger said in a statement. "So we believe it is critical for us to consider these factors in order to grow market share, and return to sustainable guest count-led growth for the brand." More Food News: McDonald's menu finally brings back most-wanted fan favoritePopular fast-food burger chain to open first store in new marketWalmart makes deal to open popular food chain in stores The customer call-outs regarding the rise of its food prices - fueled in large part by the rising cost of beef and overall inflation - has upped pressure on McDonald's in different parts of the world. In Australia, the chain has responded by locking in the prices of items included in its equivalent Loose Change Menu at $7 ($4.55 USD) and $4 Australian dollars ($2.60 USD). At the same time, the chain continues to see sustained success in the country due to a stream of customers who are redirecting their traffic from other restaurants due to rising expense; at the start of July, the chain announced plans to open between 30 and 50 new locations across Australia by the end of 2026. Related: McDonald's brings back popular menu item after nine years The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
09-07-2025
- Business
- Yahoo
Snack Wrap redux: How McD's is refreshing its menu to lure back customers
McDonald's is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world's largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD's outlets on July 10, along with a new, limited-time Spicy Egg McMuffin sandwich, which debuted on July 8. The refreshed menu comes as the company looks to boost sales as budget-conscious consumers pull back on spending. Same-store sales at McDonald's outlets in the U.S. declined 3.6% in the first quarter, the biggest drop since the COVID-19 pandemic closed stores nationwide. At the same time, traffic among low-income customers was down "nearly double digits," CEO Chris Kempczinski said on the company's May earnings call, reflecting a customer base that the company acknowledged is still feeling the effects of inflation. McDonald's isn't the first fast-food chain to use promotions to drive business, but it has long been among the most adept at tweaking its menu and pricing, while its scale makes it a bellwether for customer tastes. In January, for example, it introduced the McValue menu, which includes the $5 meal deal, along with a "buy one, add one for $1" deal, as the company leaned into affordable offerings. McDonald's is reacting to a number of economic and competitive pressures, said Matthew Todd, a director at S&P Global Ratings. Chief among them is continuing to deliver value to low-income consumers in a time of economic uncertainty. "This isn't anything new, but I think it's a continuation of this pursuit of regaining the consumers' trust," Todd said. Sara Senatore, a research analyst at the Bank of America, told CBS MoneyWatch that McDonald's move to expand its affordable offerings is an attempt to "stay relevant" with low-income consumers, who are "under much greater pressure than other cohorts." Other fast-food chains and restaurants also have seen weaker sales as consumers battered by higher prices and the general cost of living look to save cash. For McDonald's, which has over 35,000 locations nationwide, the difference now is it's not outperforming competitors as much as it once was, Senatore said. "Their same-store sales versus their direct competitors have been much more similar than different," she said. "Whereas, if you look at its long-term history, McDonald's has historically outpaced their competitors." McDonald's did not respond to CBS MoneyWatch's request for comment on the strategy behind its menu changes. Return of the Snack Wrap Perhaps the most highly anticipated new menu item is the Snack Wrap, which is returning to McDonald's establishments nationwide on this week after a nine-year hiatus. The wrap, which consists of a white-flour tortilla filled with chicken, shredded lettuce and cheese, was nixed in 2016, sparking a social media campaign by fans lobbying for its return. "Given that they're looking for sales drivers, it makes sense that they would go to their archives, if you will," Senatore said. The revived Snack Wrap will come in two flavors — Ranch and Spicy — and will be priced at $2.99, according to a McDonald's spokesperson. The main protein will consist of chicken strips — easier to prepare, and thus less labor-intensive, than the type of chicken McD's previously used in the wrap, which required more cutting, Senatore explained. Reviving the Snack Wrap is a strategic decision on McDonald's part given the item's cult following. Customers went so far ast to start a petition garnering more than 19,000 signatures urging McDonald's to bring back the Snack Wrap. "Bringing back a product that customers really want to have come back, you typically have higher rate of success," Senatore said. McDonald's is also introducing a new take on its classic Egg McMuffin, with a trio of limited-time breakfast sandwiches featuring spicy pepper sauce. The new items coincide with the 50th anniversary of the Egg McMuffin, a McDonald's staple that consists of egg, cheese and bacon on an English muffin. "Limited-time offerings are always something in the toolkit for quick service restaurants to drive traffic," Todd said. Other menu tweaks include a new home for the Daily Double, one of McDonald's burger offerings. The Daily Double will now be part of the the McValue deal, where it will be bundled with fries, Chicken McNuggets, and a small soft drink for $6 or $7, depending on the location. McDonald's has also upped its chicken offerings. In May, the chain launched a new item called McCrispy Strips nationwide, the first time since 2021 McDonald's debuted a new permanent menu item in the U.S, according to a company statement. Todd said McDonald's and other industry players are emphasizing chicken meals given its popularity and that it is significantly cheaper than beef, which rose to record prices in May. "We've been seeing tons of chicken offerings, and just chicken... in general being very successful," he said. Sneak peek: Who Killed Aileen Seiden in Room 15? Everything we know so far about the deadly Texas floods At least 3 killed in New Mexico flash floods, officials say Sign in to access your portfolio
CBS News
09-07-2025
- Business
- CBS News
Snack Wraps and Spicy McMuffins. How McDonald's is refreshing its menu to lure back customers
McDonald's is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world's largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD's outlets on July 10, along with a new, limited-time Spicy Egg McMuffin sandwich, which debuted on July 8. The refreshed menu comes as the company looks to boost sales as budget-conscious consumers pull back on spending. Same-store sales at McDonald's outlets in the U.S. declined 3.6% in the first quarter, the biggest drop since the COVID-19 pandemic closed stores nationwide. At the same time, traffic among low-income customers was down "nearly double digits," CEO Chris Kempczinski said on the company's May earnings call, reflecting a customer base that the company acknowledged is still feeling the effects of inflation. McDonald's isn't the first fast-food chain to use promotions to drive business, but it has long been among the most adept at tweaking its menu and pricing, while its scale makes it a bellwether for customer tastes. In January, for example, it introduced the McValue menu, which includes the $5 meal deal, along with a "buy one, add one for $1" deal, as the company leaned into affordable offerings. McDonald's is reacting to a number of economic and competitive pressures, said Matthew Todd, a director at S&P Global Ratings. Chief among them is continuing to deliver value to low-income consumers in a time of economic uncertainty. "This isn't anything new, but I think it's a continuation of this pursuit of regaining the consumers' trust," Todd said. Sara Senatore, a research analyst at the Bank of America, told CBS MoneyWatch that McDonald's move to expand its affordable offerings is an attempt to "stay relevant" with low-income consumers, who are "under much greater pressure than other cohorts." Other fast-food chains and restaurants also have seen weaker sales as consumers battered by higher prices and the general cost of living look to save cash. For McDonald's, which has over 35,000 locations nationwide, the difference now is it's not outperforming competitors as much as it once was, Senatore said. "Their same-store sales versus their direct competitors have been much more similar than different," she said. "Whereas, if you look at its long-term history, McDonald's has historically outpaced their competitors." McDonald's did not respond to CBS MoneyWatch's request for comment on the strategy behind its menu changes. Return of the Snack Wrap Perhaps the most highly anticipated new menu item is the Snack Wrap, which is returning to McDonald's establishments nationwide on this week after a nine-year hiatus. The wrap, which consists of a white-flour tortilla filled with chicken, shredded lettuce and cheese, was nixed in 2016, sparking a social media campaign by fans lobbying for its return. "Given that they're looking for sales drivers, it makes sense that they would go to their archives, if you will," Senatore said. The revived Snack Wrap will come in two flavors — Ranch and Spicy — and will be priced at $2.99, according to a McDonald's spokesperson. The main protein will consist of chicken strips — easier to prepare, and thus less labor-intensive, than the type of chicken McD's previously used in the wrap, which required more cutting, Senatore explained. Reviving the Snack Wrap is a strategic decision on McDonald's part given the item's cult following. Customers went so far ast to start a petition garnering more than 19,000 signatures urging McDonald's to bring back the Snack Wrap. "Bringing back a product that customers really want to have come back, you typically have higher rate of success," Senatore said. McDonald's is also introducing a new take on its classic Egg McMuffin, with a trio of limited-time breakfast sandwiches featuring spicy pepper sauce. The new items coincide with the 50th anniversary of the Egg McMuffin, a McDonald's staple that consists of egg, cheese and bacon on an English muffin. "Limited-time offerings are always something in the toolkit for quick service restaurants to drive traffic," Todd said. Other menu tweaks include a new home for the Daily Double, one of McDonald's burger offerings. The Daily Double will now be part of the the McValue deal, where it will be bundled with fries, Chicken McNuggets, and a small soft drink for $6 or $7, depending on the location. McDonald's has also upped its chicken offerings. In May, the chain launched a new item called McCrispy Strips nationwide, the first time since 2021 McDonald's debuted a new permanent menu item in the U.S, according to a company statement. Todd said McDonald's and other industry players are emphasizing chicken meals given its popularity and that it is significantly cheaper than beef, which rose to record prices in May. "We've been seeing tons of chicken offerings, and just chicken... in general being very successful," he said.
Forbes
08-07-2025
- Business
- Forbes
McDonald's Jobs Paying Up To $5,557/Week Available Now
In Less Than 8 Hours, McDonald's CEO Earns What A Typical Worker Makes All Year (Photo by Justin ...) From $350,000 a week down to $680 per week, jobs at McDonald's run the gamut. Here are four (4) different six-figure jobs that you can apply for today. McDonald's, a 70-year-old fast-food company, announced that it will offer a new spicy McMuffin breakfast sandwich and return its popular snack wrap to the food menu on Tuesday and Thursday of this week. These changes come after the company's release of its Q1 2025 results. The earning's report, published in May, shows that McDonald's experienced an overall decrease in sales globally and within the United States. It specifically states that during the quarter, "global comparable sales decreased 1.0%, impacted by the comparison to Leap Day in the prior year: McDonald's jobs paying up to $5,557/week available wow. McDonald's is the largest restaurant chain in the world with more than 37,000 locations across 100+ countries, and it employs about 150,000 individuals around the world. Even with a massive number of lower paid employees, McDonald's has well-paid positions. Right now, the company has quite a few six-figure jobs listed on LinkedIn. These are management and senior management-level jobs that the company currently seeks to fill. Here are a few hybrid and on-site positions that are currently available. McDonald's CEO made nearly $350,000/week in 2024. The company is led by Chris Kempczinski who has worked for McDonald's since 2015. Kempczinski joined the company as executive vice president of strategy, business development and innovation before taking the helm as McDonald's CEO in 2019 and becoming the company's chairman of the board in 2024. According to the company's 2025 Notice of Shareholder's Meeting and Proxy Statement, the CEO was compensated $18,195,263 in 2024. Divided weekly, CEO Kempczinski earned near $350,000/week. ZipRecruiter and Glassdoor place McDonald's average earnings for a crew employee at about $660/week (or $17/hour). While the pay gap between the CEO and the crew employees is vast, McDonald's CEO has a smaller gap percentage than many other CEOs as detailed by Business Insider's review of 20 CEOs who make more in a day than their workers do in a year. McDonald's four cultural norms. In an effort to accelerate the company—"to become faster, more innovative, more efficient and to offer more exciting career and work opportunities'—McDonald's has embraced and incorporates the following four cultural norms since 2023: If you are interested in any of the six-figure jobs that McDonald's currently has available, use the corresponding links above to review the job postings. Reach out directly to the listed company contact with any questions. Recommended reading: Deloitte Is Hiring Job Seekers Who Don't Have A College Degree Nail The Interview: Answer 'Why Should We Hire You' Like A Pro How To Get Hired At Deloitte: 3 Insider Tips From The Head Of Talent
Yahoo
04-07-2025
- Business
- Yahoo
McDonald's Hiring 375,000 People This Summer as Sales Fall — What It Says About the Economy
McDonald's is hiring an astounding 375,000 new workers this summer for permanent positions in their 14,300 locations across the United States, which is the largest mass hiring the company has done in years, according to a press release. The move is part of a plan to grow the popular fast food chain and open another 900 U.S. restaurants by 2027, but the news comes amid two interesting key points. Last quarter McDonald's sales slumped 3.6%, the lowest since 2020, per NBC. According toMcDonald's Corporation Chairman and CEO Chris Kempczinski. 'Consumers today are grappling with uncertainty,' he said in a statement. Learn More: Try This: On a call with investors, McDonald's executives explained that 'people are just visiting less,' and said that traffic from middle-income diners dropped by 'nearly double digits,' NBC reported. One example given on the call was consumers are eating breakfast at home to save money, or skipping the first meal of the day entirely to scale back on spending. In addition, McDonald's announcement also comes at a time when President Donald Trump's push for companies to invest back into America. So what does this indicate about the economy? Experts explain. Americans have been battling inflated prices for years, and over the course of the last few months, the turbulent market and Trump's tariffs have increased the financial burden for many. However, McDonald's hiring spree and expansion could indicate things are going to turn around soon. 'When you see a major company plan to make such a massive investment in not only new hires, but also in new locations, it's a pretty strong sign for their overall feelings on the economy,' Eric Mangold, certified wealth strategist (CWS) and founder of Argosy Wealth Management said. 'Most big companies don't make quick decisions like this on a hunch or gut feeling-their research and analysis indicate they feel the economy is going to get stronger.' Check Out: In an effort to bring business and jobs back to the U.S., Trump is urging companies to invest back into America. The White House said in his first 100 days of office, the president has successfully secured over $5 trillion in new U.S.-based investments. 'Companies like McDonald's may be looking at long-term tax benefits, deregulation and potential incentives tied to hiring and domestic expansion,' said Danny Ray, founder of PinnacleQuote. 'In fact, under Trump's America First agenda, there's renewed pressure and opportunity for corporations to bring growth back home.' Many fast food chains are experiencing a slowdown in sales. Chipotle, Yum! Brands, Domino's Pizza and Starbucks all reported sparse earnings, per CNN, which reflects how Americans are tightening their budgets. So why is McDonald's expanding during this time? 'Well, that's actually a classic strategy in retail,' Ray said. 'McDonald's isn't just betting on today, they're preparing for tomorrow.' He explained, 'By hiring more workers and opening more locations now, they're positioning themselves to dominate when the market turns.' Ray added, 'Furthermore, rising inflation has more Americans eating out at budget-friendly places, so McDonald's could be setting the table early, expecting those new foot traffic trends to grow.' Overall, it's a calculated risk, and one that tells us business leaders still believe in American recovery. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 How Much Money Is Needed To Be Considered Middle Class in Your State? 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on McDonald's Hiring 375,000 People This Summer as Sales Fall — What It Says About the Economy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
