McDonald’s Earnings Dragged Down By Inflation And Israel-Hamas War Boycotts

Inflation and war in the Middle East took some of the shine off the Golden Arches in the first quarter of the year.

McDonald’s rarely misses earnings forecast. Shares of the fast-food company slid in early morning trading following the results but were nearly flat by midday even while the broader market slumped. Inflation weighs particularly heavily on lower-income families. The company has noted that lower-income customers are visiting its burger joints less frequently and spending less per visit.

McDonald’s has faced rising labor costs from a combination of a tight labor market and minimum wage hikes. Several states raised their minimum wage last year, including California, which hiked its minimum wage for fast food workers to $20 an hour.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Rihanna Net Worth 2024: Fenty Beauty Earnings, 'Black Panther 2' EarningsRihanna's net worth in 2024 reveals her 'Black Panther 2' salary and how much she makes from Fenty Beauty, Savage x Fenty and her music career.
La source: StyleCaster - 🏆 104. / 63 Lire la suite »

What is Earnings Season & What to Look for in Earnings Reports?Learn about earnings season and when it occurs, what to look for in earnings reports, and top tips for trading the period.
La source: DailyFX - 🏆 305. / 63 Lire la suite »

Q1 S&P 500 Earnings: Another Normal Earnings Season in the Offing?Stocks Analysis by Brian Gilmartin covering: S&P 500, Intuitive Surgical Inc, Johnson & Johnson, Abbott Laboratories. Read Brian Gilmartin's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Amazon earnings ahead, Paramount CEO Bakish steps down - what's moving marketsAmazon earnings ahead, Paramount CEO Bakish steps down - what's moving markets
La source: Investingcom - 🏆 450. / 53 Lire la suite »