McDonald's narrowly beat on earnings per share for the first quarter, but fell short on revenue.

McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.

McDonald’s U.S. same-store sales shrank 3.6% as the chain faced bad weather and a more cautious consumer. That drop is the worst in McDonald’s home market since the 8.7% plunge during the second quarter of 2020, when states imposed lockdowns to slow the spread of Covid.

Analysts surveyed by StreetAccount were expecting the company to report domestic same-store sales declines of 1.7% for the first quarter.

  • Lucky_777@lemmy.world
    0·
    5 days ago

    If it wasn’t for my kids begging for McDs. I would never go there, maybe for breakfast rarely. But fuck that place man. It’s the same trash for decades.

      • Lucky_777@lemmy.world
        0·
        5 days ago

        Tell them no of course lmao. I’ll get them McDs maybe once or twice a month. They usually get one day out of the month to go to McDs. Maybe another if they did something good at school or around the house.

        Cutting out something completely isn’t the best practice, because when they finally do get freedom of choice. They over indulge. Same thing I do with soda. They’ll get a 12 pack a month of their favorite but that’s it.

      • FiveMacs@lemmy.ca
        0·
        5 days ago

        Right? I do NOT understand the mentality of the kids running the show… Do people not know how to use the word no anymore ?

    • Pistcow@lemm.ee
      0·
      5 days ago

      I think breakfast is the best thing going for Macdonalds. I just stopped there and it was $12 for a meal. It’s barely above dog food and they want to charge $12…