McDonald’s Sales Slide in First Since 2020 as Diners Pull Back

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McDonald’s Sales Slide in First Since 2020 as Diners Pull Back

Bloomberg07-29

The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter...

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King19
·07-29
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Andrewinho
·07-29
Great opportunity!! 👏👏👏👏
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Each of McDonald’s geographic segments saw sales declines. In the US, the trend was driven, in part, by a decline in foot traffic.McDonald’s sales growth has slowed this year as diners across the world cut back on Big Macs, pinched by years of price increases and tight household budgets. At the end of last quarter, the fast-food purveyor launched a $5 meal deal in the US to convince diners that it’s still an affordable option. Early results suggest it is drawing customers, though any sales boost won’t be apparent until later this year. It also has introduced limited-edition menu items hoping to lure customers, such as a bacon cajun McCrispy and a “grandma” McFlurry.The chain will remain focused on “reliable, everyday value” as diners become more discriminating with their spending, Chief Executive Officer Chris Kempczinski said, according to a statement. 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Each of McDonald’s geographic segments saw sales declines. In the US, the trend was driven, in part, by a decline in foot traffic.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/31dc567d11567437fcf9b523f7dfcfea\" tg-width=\"947\" tg-height=\"576\"/></p><p>McDonald’s sales growth has slowed this year as diners across the world cut back on Big Macs, pinched by years of price increases and tight household budgets. At the end of last quarter, the fast-food purveyor launched a $5 meal deal in the US to convince diners that it’s still an affordable option. Early results suggest it is drawing customers, though any sales boost won’t be apparent until later this year. It also has introduced limited-edition menu items hoping to lure customers, such as a bacon cajun McCrispy and a “grandma” McFlurry.</p><p>The chain will remain focused on “reliable, everyday value” as diners become more discriminating with their spending, Chief Executive Officer Chris Kempczinski said, according to a statement. Other strategic priorities include the chain’s chicken lineup and its loyalty program.</p><p style=\"text-align: start;\">Outside the US, boycotts over the Israel-Hamas war continue to hit sales in the segment that includes the Middle East. The company has previously warned that the slump would continue until the conflict is resolved. McDonald’s also reported same-store sales declines in China and France.</p><p style=\"text-align: start;\">System-wide sales, a metric that includes business at new restaurants, also took a downturn, suggesting openings aren’t offsetting weakness in existing units. The burger chain is in the midst of an ambitious expansion plan, looking to have 50,000 locations around the world by 2027, up from about 42,000 at the start of this year.</p><p style=\"text-align: start;\">Earnings, excluding some items, were $2.97 per share in the first quarter, missing the average analyst estimate.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>McDonald’s Sales Slide in First Since 2020 as Diners Pull Back</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMcDonald’s Sales Slide in First Since 2020 as Diners Pull Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 19:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCD":"麦当劳"},"source_url":"https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161301127","content_text":"The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter, falling short of analyst expectations for modest growth.The chain’s comparable sales, a metric tracking restaurants open for over a year, fell 1% from the year prior. Each of McDonald’s geographic segments saw sales declines. In the US, the trend was driven, in part, by a decline in foot traffic.McDonald’s sales growth has slowed this year as diners across the world cut back on Big Macs, pinched by years of price increases and tight household budgets. At the end of last quarter, the fast-food purveyor launched a $5 meal deal in the US to convince diners that it’s still an affordable option. Early results suggest it is drawing customers, though any sales boost won’t be apparent until later this year. It also has introduced limited-edition menu items hoping to lure customers, such as a bacon cajun McCrispy and a “grandma” McFlurry.The chain will remain focused on “reliable, everyday value” as diners become more discriminating with their spending, Chief Executive Officer Chris Kempczinski said, according to a statement. Other strategic priorities include the chain’s chicken lineup and its loyalty program.Outside the US, boycotts over the Israel-Hamas war continue to hit sales in the segment that includes the Middle East. The company has previously warned that the slump would continue until the conflict is resolved. McDonald’s also reported same-store sales declines in China and France.System-wide sales, a metric that includes business at new restaurants, also took a downturn, suggesting openings aren’t offsetting weakness in existing units. The burger chain is in the midst of an ambitious expansion plan, looking to have 50,000 locations around the world by 2027, up from about 42,000 at the start of this year.Earnings, excluding some items, were $2.97 per share in the first quarter, missing the average analyst estimate.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":332689227169904,"gmtCreate":1722251105166,"gmtModify":1722251108424,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Great opportunity!! 👏👏👏👏","listText":"Great opportunity!! 👏👏👏👏","text":"Great opportunity!! 👏👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/332689227169904","repostId":1161301127,"repostType":2,"repost":{"id":"1161301127","kind":"news","pubTimestamp":1722251030,"share":"https://ttm.financial/m/news/1161301127?lang=&edition=fundamental","pubTime":"2024-07-29 19:03","market":"us","language":"en","title":"McDonald’s Sales Slide in First Since 2020 as Diners Pull Back","url":"https://stock-news.laohu8.com/highlight/detail?id=1161301127","media":"Bloomberg","summary":"The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter","content":"<html><head></head><body><ul style=\"\"><li><p>The chain fell short of analyst expectations for modest growth</p></li><li><p>US $5 value meal deal launched in final week of quarter</p></li></ul><p>McDonald’s Corp. sales declined for the first time since 2020 in the second quarter, falling short of analyst expectations for modest growth.</p><p style=\"text-align: start;\">The chain’s comparable sales, a metric tracking restaurants open for over a year, fell 1% from the year prior. Each of McDonald’s geographic segments saw sales declines. In the US, the trend was driven, in part, by a decline in foot traffic.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/31dc567d11567437fcf9b523f7dfcfea\" tg-width=\"947\" tg-height=\"576\"/></p><p>McDonald’s sales growth has slowed this year as diners across the world cut back on Big Macs, pinched by years of price increases and tight household budgets. At the end of last quarter, the fast-food purveyor launched a $5 meal deal in the US to convince diners that it’s still an affordable option. Early results suggest it is drawing customers, though any sales boost won’t be apparent until later this year. It also has introduced limited-edition menu items hoping to lure customers, such as a bacon cajun McCrispy and a “grandma” McFlurry.</p><p>The chain will remain focused on “reliable, everyday value” as diners become more discriminating with their spending, Chief Executive Officer Chris Kempczinski said, according to a statement. Other strategic priorities include the chain’s chicken lineup and its loyalty program.</p><p style=\"text-align: start;\">Outside the US, boycotts over the Israel-Hamas war continue to hit sales in the segment that includes the Middle East. The company has previously warned that the slump would continue until the conflict is resolved. McDonald’s also reported same-store sales declines in China and France.</p><p style=\"text-align: start;\">System-wide sales, a metric that includes business at new restaurants, also took a downturn, suggesting openings aren’t offsetting weakness in existing units. The burger chain is in the midst of an ambitious expansion plan, looking to have 50,000 locations around the world by 2027, up from about 42,000 at the start of this year.</p><p style=\"text-align: start;\">Earnings, excluding some items, were $2.97 per share in the first quarter, missing the average analyst estimate.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>McDonald’s Sales Slide in First Since 2020 as Diners Pull Back</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMcDonald’s Sales Slide in First Since 2020 as Diners Pull Back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 19:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCD":"麦当劳"},"source_url":"https://www.bloomberg.com/news/articles/2024-07-29/mcdonald-s-mcd-sales-declined-for-first-time-in-four-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161301127","content_text":"The chain fell short of analyst expectations for modest growthUS $5 value meal deal launched in final week of quarterMcDonald’s Corp. sales declined for the first time since 2020 in the second quarter, falling short of analyst expectations for modest growth.The chain’s comparable sales, a metric tracking restaurants open for over a year, fell 1% from the year prior. Each of McDonald’s geographic segments saw sales declines. In the US, the trend was driven, in part, by a decline in foot traffic.McDonald’s sales growth has slowed this year as diners across the world cut back on Big Macs, pinched by years of price increases and tight household budgets. At the end of last quarter, the fast-food purveyor launched a $5 meal deal in the US to convince diners that it’s still an affordable option. Early results suggest it is drawing customers, though any sales boost won’t be apparent until later this year. It also has introduced limited-edition menu items hoping to lure customers, such as a bacon cajun McCrispy and a “grandma” McFlurry.The chain will remain focused on “reliable, everyday value” as diners become more discriminating with their spending, Chief Executive Officer Chris Kempczinski said, according to a statement. Other strategic priorities include the chain’s chicken lineup and its loyalty program.Outside the US, boycotts over the Israel-Hamas war continue to hit sales in the segment that includes the Middle East. The company has previously warned that the slump would continue until the conflict is resolved. McDonald’s also reported same-store sales declines in China and France.System-wide sales, a metric that includes business at new restaurants, also took a downturn, suggesting openings aren’t offsetting weakness in existing units. The burger chain is in the midst of an ambitious expansion plan, looking to have 50,000 locations around the world by 2027, up from about 42,000 at the start of this year.Earnings, excluding some items, were $2.97 per share in the first quarter, missing the average analyst estimate.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":6,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}