Burger King, which is owned by Restaurant Brands International, will introduce its own $5 meal deal on Thursday, a company representative announced. This comes at the same time that McDonald’s, its competitor, is preparing to introduce a comparable meal deal.
The spokesperson declared, “We are bringing back our $5 ‘Your Way Meal,’ as agreed upon with our franchisees back in April.”
Fast food franchises in the United States are fighting for consumers in a time when people are eating more meals at home due to the cost of living crisis. As a result, businesses are focusing on providing better discounts and deals in an effort to increase traffic.
Burger King will introduce the $5 lunch ahead of McDonald’s, according to a report
According to the article, Burger King’s bargain would come with a choice of three sandwiches with fries, nuggets, and a drink.
Burger King intends to continue the offer for a few months, according to the story that cited the document. According to an earlier News story, the McDonald’s promotion would last for around four weeks.
According to the article, the Burger King chain is testing two new value platforms in addition to the $5 “Your Way Meal” that may be available in the second half of the year.
A person with knowledge of the situation stated that McDonald’s U.S. restaurants were thinking about introducing a $5 lunch offer earlier in May.
Other burger companies are also stepping up their marketing campaigns; earlier this week, Wendy’s announced a $3 breakfast meal deal.
In its most recent quarter, McDonald’s failed earnings projections for the first time in the previous two years. The firm said that customers were becoming “more discriminating with every dollar they spend.”
On the other hand, due to a resurgence in demand at its Burger King locations, competitor Restaurant Brands exceeded Wall Street’s forecasts for its quarterly earnings.