McDonald’s to extend $5 value meal after customers return.

• McDonald’s will extend its $5 value meal in most U.S. markets, saying the deal is helping to boost traffic.
• McDonald’s is extending the promotion as rivals such as Burger King and Starbucks offer deals to entice diners and boost traffic.
• The company is set to report earnings July 29.

McDonald’s
will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets as the fast-food giant says the offer is driving traffic back to restaurants.

In a memo to the U.S. system obtained by CNBC on Monday, executives wrote that nearly every business unit, encompassing 93% of its restaurants, voted to extend the promotion past its original end date late this month. The memo said the majority of locations will extend through August, or plan to vote on whether to do so.

The $5 value meal rolled out on menu boards beginning June 25 and was initially set to last roughly a month. It includes a McChicken or McDouble, four-piece chicken nuggets, fries and a drink. The combo costs substantially less than purchasing those items individually.

www.cnbc.com/2024/07/22/mcdonalds-to-extend-5-value-meal-in-most-markets.html