The company's same-store sales fell for the first time since the fourth quarter of 2020.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Revenue: $6.49 billion vs. $6.61 billion expectedThe fast-food giant reported second-quarter net income of $2.02 billion, or $2.80 per share, down from $2.31 billion, or $3.15 per share, a year earlier.
Executives previously warned that the competition for customers had become more fierce as the consumer environment weakened.McDonald's is leaning into discounts to bring back diners. The chain launched a $5 meal deal in late June, five days before the end of the quarter.
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