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McDonald’s reports largest U.S. same-store sales decline since 2020 (www.cnbc.com)

submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world

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McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.

McDonald’s U.S. same-store sales shrank 3.6% as the chain faced bad weather and a more cautious consumer. That drop is the worst in McDonald’s home market since the 8.7% plunge during the second quarter of 2020, when states imposed lockdowns to slow the spread of Covid.

Analysts surveyed by StreetAccount were expecting the company to report domestic same-store sales declines of 1.7% for the first quarter.

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[–] Lucky_777@lemmy.world 5 points 1 day ago (2 children)

If it wasn't for my kids begging for McDs. I would never go there, maybe for breakfast rarely. But fuck that place man. It's the same trash for decades.

[–] Pistcow@lemm.ee 9 points 1 day ago

I think breakfast is the best thing going for Macdonalds. I just stopped there and it was $12 for a meal. It's barely above dog food and they want to charge $12....

[–] ThePowerOfGeek@lemmy.world 1 points 1 day ago

The same trash, but now in smaller portion sizes for more money! Great, eh!

The ones around me barely even employ any front-facing staff, so they also aren't providing as many jobs to the local economy. And their seating is uncomfortable. All around just a horrible, overpriced experience for shite food.

I'm in the same boat as you: I only go there once a year for a school fund-raiser because my kids really want to. There's not even anything I find appealing to eat there, so I don't usually get anything.