Economics

789 readers

127 users here now

founded 2 years ago

139

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

27 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] Adulated_Aspersion@lemmy.world 5 points 1 day ago

Maybe don't host a dictator for a 20-minute photo op.