Inflation Is Starting To Take A Toll On Restaurant Traffic [Forbes]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Forbes
EL CERRITO, CALIFORNIA - JANUARY 27: A car sits in the drive-thru at a McDonald's restaurant on... [+]January 27, 2022 in El Cerrito, California.Getty ImagesIt seems the restaurant industry just can’t catch a break. After perhaps its most tumultuous period ever navigating disparate regulations and anxious consumers related to the Covid-19 pandemic, the industry is now facing a completely new set of challenges incited by historic inflation.That inflation is hitting consumers from every angle–gas, groceries, rent, name it. In April, the Consumer Price Index was8.3% higher than last yearWe may be starting to see this pattern again.New data from Revenue Management SolutionsIndeed, consumers tend to geta bit more conservativeAccording to a new survey from CNBCDrive-thru concepts tend to bear the brunt of this shift, as 39% of Americans plan to cut back on driving because of higher prices.Placer.ai traffic data showsfallen at McDonald’sWendy’s CEO Todd PenegorMORE FOR YOUAmid Drought, Cont
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News
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- Starbucks is introducing a cold drink cup made with less plastic [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Starbucks is introducing a cold drink cup made with less plastic [Yahoo! Finance]Yahoo! Finance
- California McDonald's franchisee says he's focused on ‘survival' after new $20 minimum wage law [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/18/24 - Form PX14A6G
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- MCD's page on the SEC website