Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The McDonald’s logo (MCD) is considered in the Los -Andgeles, California.
Lucy Nicholson | Reuters
McDonald’s On Thursday, it was reported about mixed quarterly results, as its sales in the American single store decreased in the second northern quarter, placing its largest domestic decline since the Covid pandemic appeared.
The sales volume in the same McDonald’s store fell by 3.6%when the network faced bad weather and a more careful consumer. This drop is the worst in McDonald’s home market because 8.7% falls in the second quarter of 2020, when the states introduced the lock to slow down COVID.
Analysts surveyed by Streetaccount expected the company to report on sales in united stores in the first quarter decreasing by 1.7%.
In all their sales markets in that McDonald store, the quarter fell by 1%, suffered from comparison with last year, the company said.
McDonald’s on Thursday did not resort to a cruel consumer environment, but he would most likely comment on it during a conference that starts at 8:30 am.
Company shares are approximately 2% in Premarket trading.
Thats what reports the company In the first quarter, compared to what Wall -Rate was waiting on the basis of LSEG analysts:
Fast food giant reported net income in the first quarter of $ 1.87 billion, or $ 2.60 per share, decreasing compared to $ 1.93 billion, or $ 2.66 per share earlier.
With the exception of the restructuring fee and other items, McDonald’s earned $ 2.67 per share.
Net sales decreased by 3% to $ 5.96 billion.
Back in February, the CEO Jan Borden said he expected that the first quarter would be a low sales point in the same McDonald’s store, in the first place in the US, President Donald Trump has presented extensive tariffs, increasing the prices for some consumers.
For his part, McDonald’s has already said he plans to lean in favor of food and loud menu points, such as the return of the snack wraps to return the snacks to his restaurants this year.
Outside the United States, McDonald’s saw that the sale of one and the shops decreased by 1% in its international exploited markets that include Australia and France. This segment includes McDonald’s largest international markets and are about half their income. Analysts predicted flat sales in the same store in the segment for the quarter.
The international market markets department of licensed markets reported that sales growth is one and 3.5%, which beat analysts at 3.2%. This segment includes Japan, China and Brazil.
McDonald’s repeated his view on the full year, including plans to open 2200 seats and spend from $ 3 billion to $ 3.2 billion on capital costs, the company reports depending on the application. The company predicts that clean holes in the restaurant will increase sales growth by slightly more than 2%.
This story develops. Please check the updates.
– Robert Hum in CNBC contributed to this report.