McDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales
Publishing timestamp: 2024-04-30 10:09:54
Summary
McDonald's missed earnings estimates due to lower same-store sales and boycotts in the Middle East. Higher prices have helped revenue but scared away low-income customers. The company is focusing on affordability and value deals to attract diners. Shares fell more than 2% in morning trading.
Sentiment: MIXED
Tickers: MCD,
Keywords: markets, business, united kingdom, business news, breaking news: business, retail industry, united states, breaking news: markets, restaurants, germany, earnings, mcdonald's corp, breaking news: earnings,
Source: https://www.cnbc.com/2024/04/30/mcdonalds-mcd-q1-2024-earnings.html