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 The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years READ MORE Silver Up Roughly 18% YTD – Is It Still Undervalued? READ MORE How To Buy Gold Coins, Bars, Bullion & More [What You Need to Know] READ MORE Potential Layoffs Ahead as Companies Brace for Interest RateHikes READ MORE Add a Comment Cancel replyYour email address will not be published.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