McDonald's CEO Chris Kempczinski hinted that the K-shaped economy might be getting worse. He said higher-income consumers are spending normally, while lower-income shoppers are cutting back more.
The chicken market is quite competitive: ‘There's certainly a lot of activity happening in chicken across the industry,' the McDonald's CEO says.
McDonald's executives warned Thursday (May 7) that consumers are becoming more cautious with their spending as economic uncertainty continues to weigh on household budgets, prompting more diners to seek out low-priced meals and discounts.
China is a major source of McDonald's growth, and it plans to have 10,000 locations by in mainland China by the end of 2028. The chain is winning over Chinese consumers with both value and nostalgia.
McDonald's Corporation (MCD) Q1 2026 Earnings Call Transcript
Pre-market futures are up again at this hour, adding to a big day Wednesday that saw the Nasdaq up over +500 points and the Dow +600. While the ceasefire in the Middle East tentatively holds for now, Q1 earnings results are setting records, riding the AI trade to new heights.
Analysts have warned that fast-food chains will likely see low-income consumers flee as the Iran war drives gasoline prices higher, eating into Americans' savings.
McDonald's Corp (NYSE:MCD, XETRA:MDO) reported first quarter results that surpassed analyst expectations, supported by steady international demand and continued strength in loyalty-driven sales, even as the company described a “challenging” consumer environment. For the quarter, adjusted earnings per share came in at $2.83, ahead of estimates of roughly $2.74 to $2.75.
The headline numbers for McDonald's (MCD) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
McDonald's (MCD) came out with quarterly earnings of $2.83 per share, beating the Zacks Consensus Estimate of $2.74 per share. This compares to earnings of $2.67 per share a year ago.
McDonald's shares rose more than 3% in premarket trading on Thursday after the fast-food giant reported first-quarter earnings and revenue ahead of Wall Street expectations. The beat was helped by continued demand for value-focused menu offerings and marketing campaigns aimed at budget-conscious consumers.
I tried the newest drinks from McDonald's, Starbucks, and Dunkin'. Some were kind of gross (sorry, Dunkin'), but I was amazed at the variety.