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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: