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.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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.
Källa: StyleCaster - 🏆 104. / 63 Läs mer »
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.
Källa: DailyFX - 🏆 305. / 63 Läs mer »
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
Källa: Investingcom - 🏆 450. / 53 Läs mer »
Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
Källa: Investingcom - 🏆 450. / 53 Läs mer »
Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
Källa: Investingcom - 🏆 450. / 53 Läs mer »
Amazon earnings ahead, Paramount CEO Bakish steps down - what's moving marketsAmazon earnings ahead, Paramount CEO Bakish steps down - what's moving markets
Källa: Investingcom - 🏆 450. / 53 Läs mer »