Chris Kempczinski news and trends

98% of Financially Strained Restaurant Customers Are Cutting Back
Consumer Insights // August 12, 2024

As consumers bear the burden of inflation, PYMNTS Intelligence reveals that nearly all individuals living paycheck to paycheck are making trade-offs when it comes to restaurant spending. By the Numbers The latest installment of PYMNTS Intelligence’s series “New Reality Check: The Paycheck-to-Paycheck Report,” the “How...

McDonald’s to Offer $5 Meal Deal as Consumers Seek Value
Retail // June 20, 2024

McDonald’s is preparing to roll out a $5 Meal Deal and other value-oriented offers. The $5 Meal Deal will launch June 25 and will be offered at participating McDonald’s restaurants for a limited time, the company said in a Thursday (June 20) press release. “We...

Chipotle and McDonald’s to Raise Prices in California After Minimum Wage Hike
Retail // October 30, 2023

Chipotle Mexican Grill and McDonald’s plan to increase menu prices in California next year. The decision is a response to the state’s forthcoming minimum wage hike for fast-food workers, which will see employees earning a minimum of $20 per hour starting on April 1, CNBC reported Monday (Oct....

Interviews & Exclusives
98% of Financially Strained Restaurant Customers Are Cutting Back

August 12, 2024
As consumers bear the burden of inflation, PYMNTS Intelligence reveals that nearly all individuals living paycheck to paycheck are making trade-offs when it comes to restaurant spending. By the Numbers The latest installment of PYMNTS Intelligence’s series “New Reality Check: The Paycheck-to-Paycheck Report,” the “How Consumer Perception of Inflation Forces Many to Trade Down” edition, […]

Quick Reads
McDonald’s to Offer $5 Meal Deal as Consumers Seek Value

June 20, 2024
McDonald’s is preparing to roll out a $5 Meal Deal and other value-oriented offers. The $5 Meal Deal will launch June 25 and will be offered at participating McDonald’s restaurants for a limited time, the company said in a Thursday (June 20) press release. “We heard our fans loud and clear — they’re looking for […]

Chipotle and McDonald’s to Raise Prices in California After Minimum Wage Hike

October 30, 2023
Chipotle Mexican Grill and McDonald’s plan to increase menu prices in California next year. The decision is a response to the state’s forthcoming minimum wage hike for fast-food workers, which will see employees...