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Photo: AP Photo/Gene J. Puskar, File
FILE - McDonald's restaurant signs are shown in in East Palestine, Ohio, Feb. 9, 2023. McDonald's reports earning on Monday, July 29, 2024.
McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners.
The burger giant’s same-store sales, or sales at locations open at least a year, fell 1% globally in the January-March period. Without the impact of the extra leap year day in 2024, same-store sales were flat, the company said. Wall Street had been expecting an increase of nearly 2%, according to analysts polled by FactSet.
The trouble was particularly acute in the U.S., where same-store sales slumped 3.6%.
