US fast-food chains may have to amp up promotions as more people eat at home

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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks this week.

Meanwhile, Kraft Heinz CEO Carlos Abrams-Rivera on Wednesday noted"a clear pullback of restaurant spend by these lower-earning households, especially in restaurants and convenience stores." "I think it's important to recognize that all income cohorts are seeking value," McDonald's CEO Chris Kempczinski said on a post-earnings call on Tuesday.

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