McDonald's Chief Sounds Alarm On US Consumer Feeling Squeezed

McDonald's Chief Sounds Alarm On US Consumer Feeling Squeezed

America’s diners are splitting into haves and have-nots, and McDonald’s is feeling it, CEO Chris Kempczinski says.In an interview with CNBC’s Squawk Box earlier this month, Kempczinski described a “two-tier economy” in which higher-income consumers remain confident while lower- and middle-income Americans are under mounting pressure when they eat out. He said recent sales analysis shows the divide growing, with value-focused guests pulling back …