McDonald's sales decline for first time in more than three years
TIMESOFINDIA.COM / Jul 30, 2024, 10:45 (IST)
McDonald's reported its first global sales decline in 13 quarters due to inflation impacting lower-income households. Despite this, shares rose nearly 4% after a successful $5 meal deal launched in June. The company remains committed to its 2024 forecast with selective price hikes. US sales dropped 0.7%, while international markets saw a 1.1% decline, mainly in France.