After months of complaints about high prices, McDonald's is finally lowering prices for its customers. The fast-food giant has announced a big price drop on some of its most popular menu items because inflation is making everyday spending more expensive. And yes, this change could really save you money.
This new move is a nice surprise for loyal fans who have been upset that meal deals have been going up to $15 or more. McDonald's hopes it will bring back customers who have been looking for better deals at cheaper places.
Starting next month, McDonald's will lower the prices of eight of its most popular combo meals. The Wall Street Journal says that the price cut will be about 15% on average, which means that the popular meals will cost about $1.50 less. The goal of the move is to get back customers who are careful with their money, as per a report by Parade.
In the past year, people have been more and more critical of McDonald's menu prices. Many fans felt priced out by limited-time deals like the McDonaldland Meal, which could cost as much as $14 to $20. Chris Kempczinski, the CEO, says that low-income customers, who used to be a big part of McDonald's customer base, are coming in less often now.
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"Reengaging the low-income consumer is critical, as they typically visit our restaurants more frequently than middle- and high-income consumers," said CEO Chris Kempczinski on an August 6 earnings cal, as per a report by CNBC.
With Wendy's and Burger King pushing cheaper deals, McDonald's is stepping in to remind people that it can still offer good deals.
The price of McDonald's combo meals ranges from $5 to $18 right now, depending on where you are and how big they are. The average price of a Big Mac combo is about $10, but with the new prices, it will only cost about $8.50. The idea is simple: instead of customers saving just a few cents by bundling, they'll see real dollar-value savings.
McDonald's says that franchisees will get money from the company to help them lower their prices. This way, customers can save money, and operators won't feel the pinch as much.
McDonald's hasn't said for sure what the discounted combos will be, but reports say they will include the most popular classics.
McDonald's Combo Meal Pricing, as per a report by Parade:
• Combo meals typically include a main entrée, side, and beverage.
• Current limited-time offerings include the Daily Double Meal Deal, The McChicken Meal Deal, and the McDouble Meal Deal.
• McDonald's plans to expand combo offerings with Extra Value Meals.
• Current combo meal prices range from $5 to $18, with the average Big Mac meal around $10.
• The Wall Street Journal predicts a $10 combo meal could be reduced to $8.50.
The chain is also trying out new "Extra Value Meals" in some places, like a $5 breakfast deal and a $8 McNuggets-and-Big-Mac combo. McDonald's is also hoping that partnerships will help bring people back. One way they're getting into pop culture is by making a new TinyTAN Happy Meal with BTS characters.
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FAQs
When will McDonald's lower the prices of their combo meals?
Next month, with discounts of about 15%.
How much money could I save on a Big Mac meal?
About $1.50, which brings the average price of a $10 combo down to $8.50.
This new move is a nice surprise for loyal fans who have been upset that meal deals have been going up to $15 or more. McDonald's hopes it will bring back customers who have been looking for better deals at cheaper places.
Starting next month, McDonald's will lower the prices of eight of its most popular combo meals. The Wall Street Journal says that the price cut will be about 15% on average, which means that the popular meals will cost about $1.50 less. The goal of the move is to get back customers who are careful with their money, as per a report by Parade.
Why are McDonald's prices going down now?
In the past year, people have been more and more critical of McDonald's menu prices. Many fans felt priced out by limited-time deals like the McDonaldland Meal, which could cost as much as $14 to $20. Chris Kempczinski, the CEO, says that low-income customers, who used to be a big part of McDonald's customer base, are coming in less often now.
ALSO READ: 3 zodiac signs are about to attract major financial success before summer 2025 wraps up! Here’s what's in store for you
"Reengaging the low-income consumer is critical, as they typically visit our restaurants more frequently than middle- and high-income consumers," said CEO Chris Kempczinski on an August 6 earnings cal, as per a report by CNBC.
With Wendy's and Burger King pushing cheaper deals, McDonald's is stepping in to remind people that it can still offer good deals.
How much money can customers really save?
The price of McDonald's combo meals ranges from $5 to $18 right now, depending on where you are and how big they are. The average price of a Big Mac combo is about $10, but with the new prices, it will only cost about $8.50. The idea is simple: instead of customers saving just a few cents by bundling, they'll see real dollar-value savings.
McDonald's says that franchisees will get money from the company to help them lower their prices. This way, customers can save money, and operators won't feel the pinch as much.
McDonald's hasn't said for sure what the discounted combos will be, but reports say they will include the most popular classics.
McDonald's Combo Meal Pricing, as per a report by Parade:
• Combo meals typically include a main entrée, side, and beverage.
• Current limited-time offerings include the Daily Double Meal Deal, The McChicken Meal Deal, and the McDouble Meal Deal.
• McDonald's plans to expand combo offerings with Extra Value Meals.
• Current combo meal prices range from $5 to $18, with the average Big Mac meal around $10.
• The Wall Street Journal predicts a $10 combo meal could be reduced to $8.50.
What else does McDonald's have in store?
The chain is also trying out new "Extra Value Meals" in some places, like a $5 breakfast deal and a $8 McNuggets-and-Big-Mac combo. McDonald's is also hoping that partnerships will help bring people back. One way they're getting into pop culture is by making a new TinyTAN Happy Meal with BTS characters.
ALSO READ: Orca attack mystery: What really happened to marine trainer Jessica Radcliffe
FAQs
When will McDonald's lower the prices of their combo meals?Next month, with discounts of about 15%.
How much money could I save on a Big Mac meal?
About $1.50, which brings the average price of a $10 combo down to $8.50.
