McDonald’s CEO warns the fast-food giant is ‘not immune’ to economic volatility after worst sales slump since 2020

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Store traffic dropped nearly 10% for lower-income consumers this quarter, CEO Chris Kempczinski told investors Thursday.

The chain will continue to offer the meal deal, as well as other promotions, to increase traffic among lower-income consumers.“If we get value and affordability right, we can win in the context of what's going on in the marketplace,” Kempczinski said.

It reported a 1% year-over-year decrease in global comparable sales—or sales in stores that have been open for more than a year—dragged down by a 3.6% same-store sales decrease in the U.S.

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Article Details

Author / Journalist: Sasha Rogelberg

Category: EconomyBusiness

Markets: United States

Topics: Food and drink McDonald's Economic indicators Consumer Spending

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 15:05:42 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 106 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28310532

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