McDonald’s (MCD) will be lowering the cost of its combo meals after weeks of discussions with its restaurant operations, Heather Haddon of The Wall Street Journal reports, citing people involved in the discussions. McDonald’s and its U.S. franchisees agreed to maintain the price of eight popular meal deals 15% below the total prices of the individual item, with plans to run combo meal specials later this year.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCD:
- Eli Lilly (LLY) Sells Record $6.75 Billion of Corporate Bonds
- McDonald’s and DoorDash (DASH) Launch a New Ordering Option in the U.S.
- McDonald’s, DoorDash expand partnership with new online ordering in U.S.
- McDonald’s price target raised to $310 from $305 at Guggenheim
- McDonald’s Price Target Gets a Boost, but Analyst Sticks to Hold