Coca-Cola Just Agreed With Pepsi and McDonald's About the Economy. Here's What It Could Mean for Investors.

When these three companies are all saying the same thing, it's important to listen.Last month, fast-food giant McDonald's (MCD 0.21%) started combating slumping sales with the launch of a $5 value meal. And the plan appears to be working.For context, in the first quarter of 2024, same-store sales for McDonald's were up less than 2% year over year. But the company had raised prices, which helped to boost the nominal sales figures. In contrast, management noted declining traffic across the entire quick-servi ...