Coca-Cola Just Agreed With Pepsi and McDonald's About the Economy. Here's What It Could Mean for Investors.
The Motley Fool
JULY 27, 2024
Last month, fast-food giant McDonald's (NYSE: MCD) started combating slumping sales with the launch of a $5 value meal. And the plan appears to be working. For context, in the first quarter of 2024, same-store sales for McDonald's were up less than 2% year over year. But the company had raised prices, which helped to boost the nominal sales figures.
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