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.

  • CherryLips@lemm.eeEnglish
    54·
    23 days ago

    The same McDonalds that hosted the orange turdbag at the drive through. They ain’t getting my money and haven’t since. The rich orgs clearly feel bold enough to brag about

    How much money they make from you and;

    They enable a facist administration, and;

    They will use the money made from you to lobby and ensure employees get little respect or wage and;

    They have made your product smaller, crappier, and more expensive.

    Listen to them when they brag and stop giving them money so so this.