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(Reuters) -McDonald's executives on Tuesday brushed off a potential sales hit from the deadly E. coli outbreak in the U.S., saying that the fast-food giant was past the incident and was looking to ...
Customer visits to McDonald's averaged a 0.27% rise through the July to September period, compared to a 2.2% decline in the prior three months, according to data from Placer.ai.
The dip was the first decline in global sales for McDonald's since the fourth quarter of 2020 when the U.S. economy, amid the COVID-19 pandemic, had its sharpest annual drop since 1946.
McDonald’s same-store sales fell 1.5% companywide during the third quarter. That was worse than the 0.6% decline Wall Street was predicting, according to analysts polled by FactSet. McDonald’s revenue rose 3% to $6.87 billion for the quarter. That was slightly higher than the $6.82 billion analysts were predicting.
Sales at McDonald’s locations fell 1 percent worldwide between April and June, marking the first decline since the end of 2020. “The hallmark of a great company is its ability to perform in ...
It was the first decline in US same-store sales in 16 quarters. Its stock is flat year to date, compared to the S&P 500's ( ^GSPC ) 22% climb. McDonald's believes it is too early to tell the ...
McDonald's hefty expansion plans helped to boost sales in Q1. ... That's also far lower than the 12.6% increase seen in 2023 Q1. ... McDonald's US same store sales were up 2.5%, slightly off from ...
McDonald's beat expectations for its third quarter results as the burger chain continues to investigate an E. coli outbreak.On Tuesday morning, the company posted revenue of $6.87 billion, up 3% ...