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

The fast-food giant's CEO cited growing evidence that upper-income households are spending freely while the rest are struggling. Read More

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

McDonald's CEO issues economy warning as people skip breakfast

"Consumers are under a lot of pressure in our industry," Chris Kempczinski said during a recent interview with CNBC. Read More

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

Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC. Read More

McDonald's revives Extra Value Meals as it tries to woo budget-conscious diners

McDonald's is expanding its value menu as low-income customers dial back their spending on fast food. Here's when the new prices kick in. Read More

McDonald's and Wendy's report breakfast sales are down. Here's what ...

On an earnings call in May 2024, McDonald's CEO Kempczinski expressed "heightened anxiety" about how the economy was weighing on lower- and middle-income Americans. Read More

McDonald’s CEO warns the fast-food giant is ‘not immune’ to ...

Store traffic dropped nearly 10% for lower-income consumers this quarter, CEO Chris Kempczinski told investors Thursday. Read More

McDonald's CEO: 'The US Economy Is Divided' As Wealthy Customers Keep ...

However, traffic among high-income consumers remains strong, which Kempczinski said “illustrates the divided U.S. economy, where low- and middle-income consumers in particular are being weighed ... Read More

'A Divided Economy': McDonald's CEO Says Rich Keep Dining Out But ...

McDonald's CEO Chris Kempczinski was frank in pointing out the plight of consumers impacting the company during its earnings call with analysts. Read More