McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
McDonald's said it's pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers.
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McDonald's said it's pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers.
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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 quarter as it saw fewer visits from customers with annual incomes of $45,000 or less. McDonald's s...
Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period. The company expects its U.S. prices will increase just over 10% for the full year