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Wall Street Isn’t Biting on McDonald’s NEXT Menu
McDonald’s said it will lean on discounts and chicken menu changes as U.S. same-store sales rose just 0.8% and traffic fell.
Summary by The Daily Upside
6 Articles
6 Articles
McDonald’s CEO expects high inflation, and fewer diner visits will be the new normal
McDonald’s CEO Chris Kempczinski said Wednesday that high inflation and stagnant customer traffic are no longer a passing squeeze—they are the new operating reality for the restaurant industry. “One of the things I’ve talked to our team about is we need to stop talking about that being a difficult environment, and just say that is […]
Illustrative image Photo: McDonald's PexelsCEO states to CNBC that inflation and weak traffic continue to press the sector
Coverage Details
Total News Sources6
Leaning Left1Leaning Right2Center1Last Updated50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
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