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McDonald’s reports largest U.S. same-store sales decline since 2020 (www.cnbc.com)

submitted 2 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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.

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[–] Dagwood222@lemm.ee 2 points 2 days ago

Sad and true.