Economy Country October 29, 2024

McDonald's Reports Quarterly Sales Decline | Ours Abroad News

McDonald's, headquartered in Chicago, reports a sharp decline in global comparable sales impacted by weak customer traffic, despite efforts to attract customers after years of price increases.


McDonald's Reports Quarterly Sales Decline | Ours Abroad News

The company, based in Chicago, reported earnings of $3.23 per share, which was above the analysts' expectations that had projected $3.20. In the previous year, earnings were $3.19 per share. Revenue for the period increased by 3% to $6.87 billion, but net income fell by 3% to $2.26 billion.

McDonald's announced a significant decrease in quarterly global sales compared to previous data, resulting from weak sales in its core markets. The company actively conducted marketing campaigns aimed at attracting customers after several years of rising prices.