McDonald's reverses US sales drop - LinkedIn

Oct 29, 2024 · McDonald's same-store sales fell once again in the third quarter, following weakness in several international markets. The US was a bright spot, though, thanks to the $5 …

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McDonald's Reverses US Sales Drop - LinkedIn

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Oct 29, 2024 · McDonald's same-store sales fell once again in the third quarter, following weakness in several international markets. The US was a bright spot, though, thanks to the $5 …

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McDonald's Reverses Sales Drop - LinkedIn

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Oct 29, 2024 · Some early takeaways from McDonald's Q3 results (with more to come): * U.S. same-store sales grew 0.3%, reversing Q2's decline and driven by the $5 Meal Deal and …

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McDonald's Beats Estimates, Reverses U.S. Same-Store Sales …

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The fast-food behemoth's earnings per share came in at $3.23, more than the $3.20 analysts had projected, while revenues touched $6.87 billion, also above projections of $6.82 billion.

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McDonald's Same-store Sales Fall As Customers Cut Back On Fast Food

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Jul 29, 2024 · McDonald’s same-store sales declined 0.7% in the second quarter, the company said on Monday, as consumers frustrated by higher prices cut back on their visits to fast-food …

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Carl Sibilski On LinkedIn: McDonald's Reverses U.S. Same-store …

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Sales at McDonald's existing U.S. locations barely broke even at 0.3% and this was after special promotions like the $5 meal intended to curb a reduction in…

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Consumer Pullback Hits McDonald's - LinkedIn

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Jul 30, 2024 · McDonald's posted negative comp sales during Q2 with U.S. sales down 0.7% -- the first time it's U.S. sales have been down since Q2 2020. Declines were led by lower guests …

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CNBC On LinkedIn: McDonald's Reverses U.S. Same-store …

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Share of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak. CNBC on LinkedIn: McDonald's reverses U.S. same-store sales declines in the …

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FAQs about McDonald's reverses US sales drop - LinkedIn Coupon?

Why did McDonald's sales fall in the second quarter?

They’re not lovin’ it. McDonald’s global same-stores sales fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped meals out or chose cheaper options. The company said it’s working on fixes, like meal deals and new menu items, but it expects same-store sales to be down for the next few quarters. ...

Why did McDonald's drop 3%?

(Reuters) -McDonald's on Tuesday posted a steeper-than-expected drop in quarterly global comparable sales, hurt by weaker traffic across its key markets even as it intensified promotions to woo back customers after several years of price hikes. Net income fell to $2.26 bln, down 3% from the year-ago period. ...

Why did McDonald's sell a $5 value meal in July?

U.S. same-store sales — or sales at stores open at least a year — rose 0.3% in the July-September period, the company said Tuesday. McDonald’s launched a $5 value meal in late June after a disappointing second quarter, and it said the deal drew lower-income consumers back to McDonald’s and improved customers’ value perceptions. ...

Are McDonald's $5 meal deal sales running ahead of expectations?

McDonald’s U.S. President Joe Erlinger said Monday that $5 meal deal sales are running ahead of expectations and are getting lower-income consumers back into McDonald’s stores. Erlinger said 93% of McDonald’s franchisees have agreed to run the promotion through August. ...

Why did McDonald's sales fall 1% in April-June?

Sales at locations open at least a year fell 1% in the April-June period, the first decline since the final quarter of 2020, when the pandemic shuttered stores and millions stayed home. In the U.S., McDonald’s saw fewer customers but it said those who came spent more because of price increases. ...

Why did McDonald's stock drop 1% before the bell?

Shares of the company were down more than 1% before the bell. They had declined nearly 7% last week following an E. coli outbreak linked to its Quarter Pounder hamburgers, that has infected 75 people and killed at least one person. ...