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The deal was originally set to last through July but many locations now plan to extend it into August in hopes of driving sales, Fox Business reports. McDonald’s profits dropped 12 percent over ...
McDonald's U.S. President Joe Erlinger said Monday that $5 meal deal sales are running ahead of expectations and are getting lower-income consumers back into McDonald's stores.
Weaker consumer spending in China and impacts of the Middle East conflict have dented McDonald's business segment where restaurants are operated by local partners, with sales dipping 3.5% compared ...
In addition, it promoted the use of low or no-down payment loans and second, unsecured loans to the borrower to pay their down payments (if any) and closing costs. [146] This idea manifested itself in "silent second" loans that became popular in several states such as California, and in scores of cities such as San Francisco. [ 147 ]
McDonald's is expected to post a 0.72% drop in global same-store sales in the third quarter, while earnings per share is expected to be $3.20, according to estimates compiled by LSEG.
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.
There was a similar trend for global same-store sales, though McDonald’s attributed the problem to slower store traffic in France and the Middle East fell due to boycotts sparked by the war in ...