McDonald’s reported mixed quarterly results Thursday, with U.S. same-store sales falling for a second consecutive quarter in their steepest drop since the Covid pandemic began, according to CNBC. The company reported adjusted earnings per share of $2.67, narrowly beating expectations, while its $5.96 billion in revenue came in below the projected $6.09 billion. McDonald’s U.S. same-store sales fell 3.6% due to bad weather and cautious consumer spending, marking the steepest decline since the 8.7% drop during the Covid lockdowns in the second quarter of 2020. McDonald’s plans to focus on value meals and popular menu items, including the return of snack wraps, to attract more diners this year.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Donald's reported mixed quarterly results Thursday with U.S. same-store sales falling
00:06for a second second of quarter in their steepest drop since the COVID pandemic began,
00:11and according to CNBC. The company reported adjusted earnings per share of $2.67,
00:17nearly beating expectations, while its $5.96 billion in revenue came in below the projected
00:22$6.09 billion. Donald's U.S. same-store sales fell 3.6% due to bad weather and cautious consumer
00:29spending, marking the steepest decline since the 8.7% drop during the COVID lockdowns in the second
00:35quarter of 2020. Donald's plans to focus on value meals and popular menu items, including the return
00:41of snack wraps, to attract more diners this year. For all things money, visit Benzinga.com slash GSTV.