McDonald’s Reports Mixed Quarter As U.S. Sales Fall, Marking Worst Decline Since Early Pandemic

McDonald’s reported mixed quarterly results Thursday, with U.S. same-store sales falling for a second consecutive quarter in their steepest drop since the Covid pandemic began, according to CNBC. The company reported adjusted earnings per share of $2.67, narrowly beating expectations, while its $5.96 billion in revenue came in below the projected $6.09 billion. McDonald’s U.S. same-store sales fell 3.6% due to bad weather and cautious consumer spending, marking the steepest decline since the 8.7% drop during the Covid lockdowns in the second quarter of 2020. McDonald’s plans to focus on value meals and popular menu items, including the return of snack wraps, to attract more diners this year.