Value meal wars heat up as more fast food spots, restaurants offer discounted menu items

The fast food value meal wars are far from over.

McDonald's $5 Meal Deal, Wendy's breakfast bundles and Taco Bell's Luxe Cravings Box kicked off the cost-cutting competition off about two months ago.

As the cost of eating out continues to increase – rising 4.1% in July, compared to July 2023, according to the Bureau of Labor Statistics – more fast-food chains have added value menus to woo customers leery of rising prices.

Hardee's recently announced its $5.99 Original Bag deal, which includes two entrées, plus sides. Carl's Jr., which like Hardee's is owned by CKE Restaurants Holdings, is launching its “More Bang, Less Buck” value menu – 10 items all under $4.

Restaurant chains have gotten into the game, too. Chili's expanded its 3 for Me menu with a half-pound Big Smasher burger or Crispy Chicken sandwich, plus bottomless chips and salsa and bottomless non-alcoholic drink, starting at $10.99.

Red Robin, starting Monday, Aug. 19, has new specials including Monster Monday deals, $10 Gourmet Cheeseburger Tuesdays, and Wednesday's 50% off a Kids Meal deal.

Red Robin restaurants have $10 Gourmet Cheeseburger Tuesdays.
Red Robin restaurants have $10 Gourmet Cheeseburger Tuesdays.

Coming Monday, Aug. 26: Olive Garden's Never Ending Pasta Bowl ($13.99, includes endless soup or salad and breadsticks; offer available until Nov. 17), with the same price tag it had when last offered two years ago, the company said. Members of the chain's eClub loyalty program get a head start on the Never Ending Pasta Bowl and can order starting Monday, Aug. 19.

Olive Garden's Never Ending Pasta Bowl ($13.99) with endless soup or salad and breadsticks, returns Aug. 26, but eClub loyalty program members can order it starting Monday, Aug. 19.
Olive Garden's Never Ending Pasta Bowl ($13.99) with endless soup or salad and breadsticks, returns Aug. 26, but eClub loyalty program members can order it starting Monday, Aug. 19.

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Most of the value offers have been labeled as limited-time deals, but McDonald's has kept its $5 Meal Deal on the menu at most of its restaurants, McDonald's USA President Joseph Erlinger said three weeks ago. The company is working to extend the deal even longer, he said, because its availability has helped shift "sentiment towards the brand around value and affordability."

While McDonald's cites its success with the $5 Meal Deal, some industry observers wonder whether the offers are actually achieving their goal.

McDonald's, Burger King, Starbucks, Wendy's, and Taco Bell all saw sale declines of more than 30% from July 2023 to July 2024, according to data from financial app Brigit, which analyzed millions of transactions from its users who have connected their bank accounts.

Users of the app have been spending less on fast food, entertainment, and shopping, Brigit’s co-founder and CEO Zuben Mathews told USA TODAY. "Restaurants offering 'meal deals' isn’t enough to drive up sales and if restaurants want to see their numbers go back up, menu prices need to come down long-term rather than offering a few deals on select menu items," Mathews said. "For a lot of the big chains … we’ve seen a dip in overall user spending in July after many of these places rolled out meal deals in June.”