McDonald's narrowly beat on earnings per share for the first quarter, but fell short on revenue.

McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic.

McDonald’s U.S. same-store sales shrank 3.6% as the chain faced bad weather and a more cautious consumer. That drop is the worst in McDonald’s home market since the 8.7% plunge during the second quarter of 2020, when states imposed lockdowns to slow the spread of Covid.

Analysts surveyed by StreetAccount were expecting the company to report domestic same-store sales declines of 1.7% for the first quarter.

  • glimse@lemmy.world
    3·
    2 days ago

    The bacon, egg, and cheese bagel combo still rocks but it’s like $12 now. McDonald’s breakfast was about $6 here five years ago.

    • BigxRedxHusker@midwest.social
      2·
      2 days ago

      Breakfast I’m still a sucker for their steak bagel they finally brought back and their nuggets and big mac. But even i have stopped going very often.

      • glimse@lemmy.world
        1·
        2 days ago

        I haven’t eaten anything but breakfast since they got rid of the cheap wraps but it’s still my go-to “treat” when I have to be somewhere early