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McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

McDonald’s said Monday it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. The burger giant reported better-than-expected sales in the third quarter. Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period. That was ahead of Wall Street’s forecast. But price increases have weighed on customers. McDonald’s said its U.S. traffic fell slightly in the third qua...
United Kingdom United States Ian Borden Chris Kempczinski National Labor Relations Board Wall Street

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