McDonald's CEO Is Grappling with a 'Two-Tier Economy' as He Slashes Prices on Value Meals—and Signals Backing for a Minimum Wage Increase

McDonald's CEO is grappling with a 'two-tier economy' as he slashes prices on value meals—and signals backing for a minimum wage increase

McDonald’s is banking on burgers and fries to tell a bigger story about the American economy. Chief executive Chris Kempczinski is slimming down the cost of the fast-food giant’s value meals as he grapples with what he calls a “two-tier economy”—a widening divide between consumers who are still spending freely and those who are pulling back. For years, dating back to the 2022 inflation wave, McDonald’s and its fast-food rivals have contended wit…

McDonald's CEO warns of 'two-tiered economy'

McDonald’s CEO Chris Kempczinski said his company sees a "two-tier economy" in the U.S. and "traffic for lower-income consumers is down double digits."

McDonald's CEO warns of 'a two-tier economy' as lower-income consumers spend less

McDonald’s is expanding its value meal menu.

Financial News Network - McDonald's CEO warns of 'two-tiered economy'

McDonald’s CEO Chris Kempczinski warned of a "two-tier economy" as the company reintroduced its Extra Value Meals to draw budget-conscious customers.Read More …