McDonald's reported a 1.5% decline in global sales at outlets open for at least a year, marking the sharpest drop in four years, as consumer spending struggles to recover.
Despite a slight growth of 0.3% in the US, McDonald's faced a 2.1% decline internationally. This downturn was particularly evident in key markets like France and the UK.
The weakened demand was also attributed to sluggish spending across major markets, as consumers remain cautious due to prolonged food inflation and rising costs.
Notably, the fallout from geopolitical issues has also affected McDonald's, including protests related to its stance on the Israeli-Palestinian conflict, further complicating its global operation.
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