Reported about 20 hours ago
Amidst a turbulent market triggered by reciprocal tariffs, shares of fast food giants like McDonald's, Yum! Brands, and Restaurant Brands International saw gains while the S&P 500 fell sharply. Analysts suggest that these chains could be more resilient due to their domestic sourcing and franchise models, contrasting with losses reported by fast-casual competitors. Despite the potential for promotional pricing strategies to alleviate market pressure, concerns about earnings growth and a possible recession complicate the outlook for these companies.
Source: YAHOO