McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash

AP Business Writer

McDonald’s global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped meals out or chose cheaper options. The company said it’s working on fixes, like meal deals and new menu items, but it expects same-store sales to be down for the next few quarters. The Chicago burger giant said its same-store sales fell 1% worldwide in the April-June period. McDonald’s said nearly all of its U.S. franchisees have agreed to extend the company’s $5 meal deal through August. McDonald’s second quarter revenue and profit also fell short of Wall Street’s forecasts.