Reported 2 days ago
McDonald's reported disappointing first quarter earnings, with revenue of $5.96 billion falling below expectations of $6.12 billion, reflecting a 3% decline year-over-year. US comparable sales dropped 3.6% as consumer traffic waned, attributed to economic uncertainties. The CEO expressed confidence in McDonald's ability to navigate tough market conditions, while analysts labeled it a 'defensive' stock amidst rising competition and international challenges.
Source: YAHOO