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
Update At: 7/29/2024