McDonald's has emphasized the importance of bringing back a cheap fan favorite, as the fast-food industry tries to get low-income consumers back through the door.
CEO and chairman Chris Kempczinski told investors Wednesday that "re-engaging the low-income consumer is critical." The restaurant giant reintroduced $2.99 Snack Wraps last month after a nine-year hiatus.
Kempczinski said on the call for its second-quarter earnings that visits from "low-income" consumers had declined across the fast-food industry.
These customers "typically visit our restaurants more frequently than middle and high-income consumers," he added.
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Story by Katherine Tangalakis-Lippert and Nora Redmond
(Credit: Getty Images)
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