The company’s CFO said customers across incomes are looking for cheaper meals.
Walmart Chief Financial Officer John David Rainey said the high price of fast food has drawn more shoppers to its grocery aisles.
"It's roughly 4.3 times more expensive to eat out than it is to eat at home," he said."And that's benefiting our business." Like many restaurants, McDonald's has faced backlash to its prices. An $18 Big Mac combo sold at one of its franchised restaurants in ConnecticutStill, McDonald's CEO Chris Kempczinski said consumers, particularly those earning lower incomes, are hunting for deals. The chain will offer abetween the price that customers pay for food they cook at home or pack for lunch, compared with what they pay at a coffee shop or restaurant.
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