McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits. McDonald's reported first-quarter net income of $1.93 billion, or $2.66 per share on Tuesday. Excluding restructuring charges, the Golden Arches earned $2.70 per share. Though it was up from the year-ago period, it missed Wall...
McDonald's profits hit by inflation, Middle East boycotts over Israel-Hamas war
New York Post - 30 Apr 2024 15:23
McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits. McDonald's reported first-quarter net income of $1.93 billion, or $2.66 per share on Tuesday. Excluding restructuring charges, the Golden Arches earned $2.70 per share. Though it was up from the year-ago period, it missed Wall...
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