Americans keep turning their backs on McDonald’s ...Middle East

By David Goldman, CNN (CNN) — Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. But McDonald’s believes it has a solution: Value meals. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, Wendy’s and other rivals are also reporting less foot traffic and lower overall sales as consumers pull back their spending on food away from home. Several factors were operating against McDonald’s this past quarter, including

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Last updated : 29 July 2024 clock 03:29 PM

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Americans keep turning their backs on McDonald’s ...Middle East

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