McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash In response to declining sales driven by increased menu prices, McDonald’s CEO Chris Kempczinski has announced a strategic pivot towards affordability in 2024. The announcement comes after the fast-food giant faced backlash for pricing a Big Mac combo meal at nearly $18, a move that alienated its core customer base. Despite achieving a 3.4% growth in global same-store sales for the latest quarter, McDonald’s fell short of the anticipated 4.7% growth, a shortfall attributed to both the price hikes and impacts from Middle Eastern conflicts on overseas franchisees. This resulted in a nearly 4% drop in McDonald’s stock price to $285.97. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Goldman Says Commodities to Gain as Central Banks Cut Rates READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation Insights READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis READ MORE Market Predictions Shift: Fed Rate Cut Now Seen as June Event READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment