finance
McDonald’s Reports 3.8% Same-Store Sales Growth in Q1
McDonald’s reported revenue of $6.52 billion and adjusted earnings of $2.83 per share for the first quarter, exceeding Wall Street expectations. Higher U.S. gas prices are pressuring lower-income customers and contributed to same-store sales declines in April. Retailer Next separately raised its profit forecast despite extra costs from Middle East supply disruptions.
May 6, 4:43 AM·2m read3 sources
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McDonald’s posted better-than-expected first-quarter results even as elevated gas prices and consumer anxiety weighed on demand. 7% increase that Wall Street analysts polled by FactSet had expected. 98 billion.
74. McDonald’s Chairman and CEO Chris Kempczinski said the company has been making progress bringing lower-income customers back into its stores with value meals. Yet fast food visits by customers with household incomes of $45,000 or less are still declining overall.
U.S. 55 on Thursday,” according to AAA data. That figure stood 44% higher than a year earlier. Chris Kempczinski said elevated gas prices disproportionately impact low-income consumers, adding, “Clearly, when you have elevated gas prices… that is going to disproportionately impact low-income consumers.
U.S. and some international markets in April, partly because of a surge in sales a year earlier tied to a popular Minecraft meal. U.S.
This week in hopes of generating fresh interest. Chris Kempczinski said it’s too early to get a read on sales in May and June. “Certainly consumer sentiment is heightened anxiety, let’s just say, and it may have an impact.
But, you know, our focus is on controlling what we can control,” Chris Kempczinski said. The Chicago-based chain has sought to balance its menu with both premium limited-time offerings and aggressive value pricing. U.S.
In March 2026. U.S. markets. Chris Kempczinski posted a video of himself taking a nibble from the Big Arch burger, an effort that drew mockery online.
