The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

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
Four minors found working at Alabama poultry plant run by same firm found responsible for Mississippi teen’s death
next post
MTG responds to House Dem planning to hawk merchandise using ‘bleach blonde’ insult used against her

Related Posts

Delta Airlines cancellations and delays continue but worst...

July 25, 2024

Apple looking to make ‘premium’-priced folding iPhones starting...

June 21, 2025

Temu halts shipping direct from China as de...

May 5, 2025

CVS is under pressure and considering a breakup....

October 5, 2024

PepsiCo to buy tortilla chip maker Siete Foods...

October 3, 2024

From pandemic struggles to St. Patrick’s Day crowds,...

March 17, 2025

Why a small China-made EV has global auto...

March 25, 2024

Trump’s deals to sell Bibles, sneakers and perfume...

April 2, 2024

Google says U.S. is facing a power capacity...

February 13, 2025

Retailers saw a dismal fall quarter. The election...

November 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

      September 2, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 2, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 2, 2025
    • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’

      September 2, 2025
    • Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

      September 2, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      September 1, 2025

    Categories

    • Business (1,371)
    • Politics (4,373)
    • Stocks (1,623)
    • Uncategorized (45)
    • World News (1,364)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved