8 Articles
8 Articles
McDonald’s posts surprise decline in global sales in first quarter
Firm was navigating ‘toughest of market conditions’ when Trump’s tariffs worsened wallet pressures on consumersMcDonald’s posted a surprise decline in first-quarter global sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.The company was navigating the “toughest of market conditions”, the company’s CEO Chris Kempczinski said, as global comparable sales fell 1%, while anal…
McDonald's store traffic falls unexpectedly as diners grow uneasy about economy
McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners. The burger giant’s same-store sales, or sales at locations open at least a year, fell 1 percent globally in the January-March period. Without the impact of the extra leap year day in 2024, same-store sales were flat, the company said. Wall Street had been expecting an increase of nearly 2 percent, according to analysts polled by FactSet. Th…
Coverage Details
Bias Distribution
- 71% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage