McDonald's earnings, revenue miss estimates as consumer pullback worsens

Category: Business

McDonald's reported a decline in quarterly earnings and revenue, with same-store sales down 1% across all divisions. The fast-food chain's net income fell to $2.02 billion, and U.S. same-store sales decreased by 0.7%. The company is facing increased competition and has introduced discounts to attract customers, while international markets also experienced sales declines.

Keywords: McDonald's, earnings report, same-store sales

Source: CNBC

Update At: 7/29/2024

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