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.

  • ThePowerOfGeek@lemmy.worldEnglish
    1·
    23 days ago

    The same trash, but now in smaller portion sizes for more money! Great, eh!

    The ones around me barely even employ any front-facing staff, so they also aren’t providing as many jobs to the local economy. And their seating is uncomfortable. All around just a horrible, overpriced experience for shite food.

    I’m in the same boat as you: I only go there once a year for a school fund-raiser because my kids really want to. There’s not even anything I find appealing to eat there, so I don’t usually get anything.