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Excluding one-time items such as restructuring charges, McDonald's earned $2.97 per share. That was far from the per-share profit of $3.07 that industry analysts had forecast.
Same-store sales in McDonald's international markets also rose 12.6% during the quarter. A car goes through the drive-thru at a McDonald's restaurant on April 03, 2023 in San Pablo, California.
McDonald’s has experienced troubled waters before. Prior to Kempczinski helming the company in 2015, McDonald’s was struggling to compete with concepts like Shake Shack and Chipotle .
McDonald's hefty expansion plans helped to boost sales in Q1. ... McDonald's US same store sales were up 2.5%, slightly off from the 2.55% expected. ... get one for $0.29, but pointed out the need ...
But sales fell 0.2% in McDonald’s international franchised markets. It was the first time since 2020 that same-store sales have fallen in that segment. ... McDonald's shares were down 1.5% in ...
McDonald's loyalty program was key to its performance. In Q4, loyalty members brought in $6 billion in sales across 50 markets and more than $20 billion across fiscal 2023, a 45% jump from 2022.
Last week, McDonald's temporarily paused serving Quarter Pounders in a fifth of its 14,000 U.S. restaurants due to an outbreak that has killed at least one person. Quarter Pounders were being ...
McDonald’s CEO Chris Kempczinski is promising to bring back “affordability” to the fast food chain as sales growth slows.