McDonald's reported a surprising 1% decline in first-quarter global sales, as consumers struggled financially due to economic uncertainties and chaotic tariffs. CEO Chris Kempczinski highlighted the impact of Trumpâs trade policies on low-income diners in the US and Europe. The overall US economy showed signs of contraction, raising recession fears. Despite efforts to increase demand through value menu offerings, US comparable sales fell significantly by 3.6%. Conversely, international markets like the Middle East and Japan saw growth, indicating varying regional responses to economic pressures.
McDonald's saw a surprising drop in first-quarter global sales, with demand from cash-strapped consumers faltering amidst chaotic tariffs and economic uncertainties.
The company faced tough market conditions with global comparable sales falling 1%, contrary to analyst expectations of a 0.95% rise, highlighting worsening economic pressures.
CEO Chris Kempczinski noted that Donald Trump's trade policy has worsened financial pressures for low-income customers, impacting spending on dining out.
Despite attempts to boost demand with value menu offers, McDonald's sales in the US dropped 3.6%, revealing the challenges of decreasing consumer spending.
Collection
[
|
...
]