McDonald's says fast food sales are suffering most in California. McDonald's raised menu prices in CA to offset the state's $20 minimum wage for fast-food workers.
McDonald's has raised prices over the last few years, and customers are responding by eating elsewhere.
McDonald's second-quarter earnings report fell short of expectations, with weak comparable sales due to an industry traffic slowdown. MCD reported the first decline in comparable sales since the pandemic, with weakness seen in core markets like the U.S., Europe as well as emerging markets. The fast-food company retained a high level of operating income profitability, however.
Jim Cramer, the renowned financial commentator, is taking a positive outlook on McDonald's Corp (NYSE: MCD) despite the company's underwhelming second-quarter results. As investors shift their focus from high-flying stocks to those with potential for recovery, McDonald's stands out as a promising candidate for future growth.
24/7 Wall St. Insights McDonald's Corp. (NYSE: MCD) second-quarter report shows the $5 meal deal failed to improve same-store sales.
In light of McDonald's Corp.'s disappointing second-quarter earnings, some analysts and experts are saying the American fast-food giant could take a page from its overseas operators and offer the kind of deals they promote.
McDonald's Corporation has reported its second quarter 2024 earnings, which includes declines in key metrics across the board. McDonald's second quarter ended June 30, 2024, less than a week after the company rolled out a $5 value meal in an effort to win back cash-strapped customers who have increasingly felt fast food prices no longer provide the value they once did.
After a challenging second quarter, McDonald's executives are looking ahead to how they can recapture consumers with value offerings, as they push for an extension of the current $5 value meal platform. The company reported results that missed analysts' estimates Monday on the top and bottom lines, and same store sales declined in all segments, including its key U.S. market, falling 0.7 percent.
McDonald's (MCD) shares rose 4% in afternoon trading Monday as the fast-food giant's second-quarter earnings call reassured investors about its outlook after a disappointing second-quarter earnings report.
When stocks are going down, buyer's remorse rules the market. Traders and investors purchase shares only to lose money when the price heads lower.
McDonald's Corporation shares were up 1% in pre-market trading despite missing sales and earnings expectations. Looking at the remainder of 2024, McDonald's is focusing on value offerings to drive traffic back to restaurants and improve sales volume. McDonald's “Accelerating the Arches strategy” continues to drive growth upside.
McDonald's same-store sales fell for the first time since 2020, but value means are luring back low-income consumers.