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INFO:
Restaurant chains including McDonald's Corp (MCD.N) and KFC (YUM.N) are paring back $5-and-under "value" items in favor of more expensive $10-to-$30 combination meals, a strategy employed to lift sales and profits and offset rising food costs as the U.S. economy reopens.
Focus: U.S. fast-food chains cut discounts, push pricy meals post-pandemic | Reuters