McDonald's reports Q2 earnings amidst a 15% stock decline due to investor concerns about consumer spending.
McDonald's reports Q2 earnings amidst a 15% stock decline due to investor concerns about consumer spending and the restaurant industry. Executives warn of competition for a smaller customer base, leading to value meal promotions. Wall Street expects flat U.S. same-store sales, with a possible extension of the $5 meal deal to boost traffic. Middle Eastern sales may continue to be affected by boycotts.
July 29, 2024
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