McDonald's to expand value menu with discounted combo meals

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McDonald’s

on Tuesday announced that it is expanding its value offerings in a bid to reach price-conscious diners.

Starting Monday, the fast-food giant is bringing back its Extra Value Meals, which were last promoted before the Covid-19 pandemic. Customers will save 15% on the combo meals compared with buying the entree, fries and a drink separately, the company said.

Tune in now: McDonald’s CEO Chris Kempczinski joins CNBC’s “Squawk Box” to discuss the fast-food giant’s expanded value menu. Watch in real time on CNBC+ or the CNBC Pro stream.