McDonald's Q1 Sales Fall Amid Economic Uncertainty
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McDonald's first-quarter same-store sales unexpectedly fell 1% globally, missing Wall Street's forecast of a nearly 2% increase. The U.S. saw the steepest decline at 3.6%, its worst performance since 2020, attributed to flagging consumer confidence amid economic uncertainty. To counter this, McDonald's expanded its value menu and extended its $5 Meal Deal. Despite missing revenue and net income expectations, the company slightly beat earnings per share projections. McDonald's stock dipped slightly following the announcement.
McDonald's first-quarter same-store sales unexpectedly fell 1% globally, missing Wall Street's forecast of a nearly 2% increase. The U.S. saw the steepest decline at 3.6%, its worst performance since 2020, attributed to flagging consumer confidence amid economic uncertainty. To counter this, McDonald's expanded its value menu and extended its $5 Meal Deal. Despite missing revenue and net income expectations, the company slightly beat earnings per share projections. McDonald's stock dipped slightly following the announcement.
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