McDonald's experiences first global sales decline since 2020 due to inflation affecting lower-income consumers.

McDonald's reports its first decline in global sales since 2020, with a 1% drop in Q2 due to inflation leading lower-income consumers to cut back on dining out. The fast-food giant's U.S. same-store sales fell by nearly 1%, while sales in international markets dropped by 1.1%. McDonald's CEO Chris Kempczinski admitted that the company needs to rethink its pricing strategy as consumers reconsider their buying habits due to price increases.

July 29, 2024
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