‘Key Macro Indicator’ Of US Financial Crisis Rears Its Clownish Head Again
Daily CallerJUL 14 2024
McDonald’s global sales declined in the second quarter for the first time in four years. As consumers prune budgets, the firm expects low sales over the next few quarters.McDonald's global sales have declined for the first time in four years amid rising prices and changing consumers' eating habits.
McDonald’s on Monday reported a 1% year-on-year fall in sales in the June quarter even as revenue stood at $6.49 and net profit fell 12% to $2.02B. On Monday, the fast-food giant reported a 1% year-on-year fall in sales in the June quarter, with total revenue flat at $6.49B and net profit falling 12% to $2.02B.
Amid "very discriminating" consumer spending, a steeper decline of 1.3% in McDonald’s sales was reported in its international developmental licensed markets.Amid "very discriminating" consumer spending, a steeper decline of 1.3% in McDonald's sales was reported in its international developmental licensed markets.