McDonald's Is Changing Its Approach to the Value Menu
From coast to coast, Mickey D's menu and prices could look very different.
By Amber Lake, Eat This, Not That!
July 28, 2022
McDonald's value menu has been evolving over the years as the economic climate dictates new interpretations of "value." Now, the chain announced plans for customizing value offers based on regionality. From coast to coast, the Mickey D's menu and pricing could soon look substantially different.
"You have to think about value in a targeted way," CEO Chris Kempczinski said on an earnings call on July 26. "As we get more digital, there are different products with different elasticities in different geographies. I get excited about the ability for us to be much more targeted in how we deliver that value."
The brand said it will continue to have some national offers but plans to move toward a more "localized approach." It may still offer deals like the 2 for $6 or Buy One Get One but intends to make the customer experience more personalized.
Thanks to a combination of price hikes and value items McDonald's U.S. same-store sales have increased by almost 4% in the last quarter, which was higher than expected. The growth driven by the value menu has been attributed to customers reacting to nationwide inflation, which has been at its highest in forty years.
However, the chain has long been successful at leveraging economic difficulties in its favor...
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