McDonald's same-store sales fall for the 1st time since pandemic, profit slides 12%

Category: Business

McDonald's reported a 1% decline in same-store sales globally for the second quarter, marking the first drop since late 2020. The decrease was attributed to fewer customer visits, particularly in the U.S., China, and other regions, amid rising inflation and perceptions of the company's political stance. Despite fewer customers, those who visited spent more due to price increases. Quarterly revenue remained flat at $6.5 billion, slightly below expectations, and net income fell 12% to $2 billion.

Keywords: McDonald's, sales decline, consumer behavior

Source: ABC News - Breaking News, Latest News and Videos

Update At: 7/29/2024

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