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<blockquote data-quote="WPLG" data-source="post: 55904" data-attributes="member: 158">McDonald’s sales fell short of expectations in the second quarter, a sign that inflation and menu price increases could be taking a toll on U.S. demand.The Chicago burger giant said its revenue fell 3% to $5.72 billion in the April-June period. That was short of Wall Street’s forecast of $5.8 billion, according to analysts polled by FactSet.McDonald’s said same-store sales, or sales at stores open at least a year, were up nearly 10% worldwide. That was higher than the 6.8% that analysts had expected. But the company said U.S. same-store sales were up 3.7%.McDonald’s said its earnings fell 46% to $1.19 billion. That included $1.2 billion in charges related to the sale of its 800 stores in Russia in May.Excluding one-time items, the company earned $2.55 per share. That was ahead of Wall Street’s forecast of $2.45 per share.<a href="https://www.local10.com/business/2022/07/26/mcdonalds-reports-lower-q2-sales-charges-weigh-down-profit/" target="_blank">Continue reading...</a></blockquote>

[QUOTE="WPLG, post: 55904, member: 158"] McDonald’s sales fell short of expectations in the second quarter, a sign that inflation and menu price increases could be taking a toll on U.S. demand. The Chicago burger giant said its revenue fell 3% to $5.72 billion in the April-June period. That was short of Wall Street’s forecast of $5.8 billion, according to analysts polled by FactSet. McDonald’s said same-store sales, or sales at stores open at least a year, were up nearly 10% worldwide. That was higher than the 6.8% that analysts had expected. But the company said U.S. same-store sales were up 3.7%. McDonald’s said its earnings fell 46% to $1.19 billion. That included $1.2 billion in charges related to the sale of its 800 stores in Russia in May. Excluding one-time items, the company earned $2.55 per share. That was ahead of Wall Street’s forecast of $2.45 per share. [url="https://www.local10.com/business/2022/07/26/mcdonalds-reports-lower-q2-sales-charges-weigh-down-profit/"]Continue reading...[/url] [/QUOTE]

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