McDonald's sales miss estimates as customers cut back spending [Reuters]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Reuters
April 30 (Reuters) - McDonald's fell short of Wall Street estimates for first-quarter sales on Tuesday as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on the burger chain's international sales. The company's shares fell about 2% in premarket trading, after slipping nearly 8% so far this year. Global comparable sales growth slid for the to 1.9%, with the company saying consumers turned "more discriminating with every dollar they spend". Analysts had estimated a 2.35% rise, according to LSEG data. The company has raised prices by roughly mid- to high-single-digit percentage over the past year in response to a rise in costs of eggs and other raw items. Comparable sales in the company's International Developmental Licensed Markets segment, which made up 10% of its overall revenue in 2023, declined 0.2%, offsetting positive trends from Japan, Latin America and Europe. Analysts had expected a 0.98% rise for the unit. Earlier in Marc
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MCD
News
- Here's Why Investors Must Hold McDonald's (MCD) Stock for Now [Yahoo! Finance]Yahoo! Finance
- McDonald's to sell 'Grandma McFlurry' for limited time [FOX Business Network]FOX Business Network
- Walmart says more diners are buying its groceries as fast food gets pricey [MSNBC.com]MSNBC.com
- Corporate Officers Face Expanded Oversight: What To Know [Forbes]Forbes
- Customers are already calling McDonald's $5 meal deal 'skimpy' [Business Insider]Business Insider
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/14/24 - Form FWP
- MCD's page on the SEC website