McDonald’s reports largest U.S. same-store sales decline since 2020
- McDonald’s reported its largest U.S. Same-store sales decline since 2020, falling 3.6% in the first quarter of 2025 amid unexpected traffic drops.
- Economic uncertainty and weakening consumer confidence, driven by concerns over inflation and trade policy, caused diners to reduce visits to McDonald’s and other chains.
- McDonald’s sought to attract budget-conscious customers by enhancing its value offerings, including a deal that allows customers to purchase a $1 item with the purchase of a regular-priced menu item, as well as continuing its $5 Meal Deal promotion throughout the summer.
- Revenue declined by 3% to $5.95 billion, missing the analyst estimate of $6.09 billion, while net income also decreased by 3% to $1.86 billion. Earnings per share came in at $2.67, exceeding expectations by one cent.
- Despite challenges, CEO Chris Kempczinski remains optimistic about navigating difficult conditions and plans to focus next on reintroducing popular items like chicken strips to regain market share.
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McDonald’s suggests ‘uncertainty’ in Trump economy to blame for biggest drop in domestic sales since pandemic
McDonald’s reported its worst domestic quarterly sales since 2020 as the economy responds to President Donald Trump’s tariff agenda. On Thursday, McDonald’s CEO and Chairman Chris Kempczinski released data on the fast food company’s performance during its first quarter, which…
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Total News Sources207
Leaning Left44Leaning Right20Center72Last UpdatedBias Distribution53% Center
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C 53%
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