McDonald's narrowly beat on earnings per share for the first quarter, but fell short on revenue.

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.

  • Dagwood222@lemm.ee
    25·
    3 days ago

    Nothing is cheap anymore.

    Hunter Thompson’s book “Hell’s Angels” was published in 1967. At the time, the author pointed out that a biker could work six months as a Union stevedore and earn enough to live on the road for two years. In those days a part time waitress could make enough to support herself and her boy friend.

    • CarbonatedPastaSauce@lemmy.worldEnglish
      27·
      3 days ago

      In the early 80’s my mom left my abusive father, with 3 kids in tow, and managed to buy a (shitty) car, rent a (shitty) house, and feed all three of us with a waitress job at Golden fucking Corral (paying for child care while she was at work, too!), and all the while not getting a dime in support from dear alcoholic dad. It wasn’t easy but it was possible. That’s no longer true.

      I have watched the world become impossible for younger people to thrive in, and it’s really depressing.

      • aesthelete@lemmy.world
        2·
        3 days ago

        It’s really important to have these kinds of abilities in order to have a functioning society as well. In the current situation, everything has to go perfectly for children to even have a mediocre upbringing. Their mom and their dad have to both be pretty well-educated and work jobs good enough to afford the increasingly out of control costs of living.

        If a single parent has the ability with a mediocre job to fund a decent household, it makes it much easier to bear the usual societal ills such as one or the other parent not being dependable.