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News@lemmy.world · 1 year ago

McDonald’s earnings, revenue miss estimates as consumer pullback worsens

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McDonald’s earnings, revenue miss estimates as consumer pullback worsens

donnager@lemmy.world to

News@lemmy.world · 1 year ago

McDonald's earnings, revenue miss estimates as consumer pullback worsens

McDonald's stock has fallen 15% year to date, dragging its market value down to $181.2 billion.

Looks like McDonald’s is reaping what it sowed. Shit food at shit prices and no one wants to buy?! SHOCKER.

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1 year ago
Consumer spending continues to show growth and be positive. This is a McDonald’s and fast food generally contraction due to the industry’s greed – pricing of fast food has outstripped actual inflation drastically.

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