Reported 3 months ago
McDonald's reported lower-than-expected second quarter earnings, missing both revenue and profit estimates. Analyst Andy Barish from Jefferies expressed optimism about the company's future, noting management's confidence in restoring its value leadership and improving sales, particularly with the launch of a $5 meal deal gaining traction. Barish emphasized that the slowdown in consumer spending affects not just McDonald's but the entire consumer sector.
Source: YAHOO