McDonald's Q1 Earnings Fall Short Amid Inflation, Boycotts
The fast-food giant faces declining sales in the Middle East due to ongoing boycotts and global inflation pressures.
- McDonald's reports a rare profit miss as Q1 earnings are impacted by inflation and Middle East boycotts.
- Comparable store sales growth slows, with a significant downturn in Middle Eastern markets due to the Israel-Hamas conflict.
- The company emphasizes cost-cutting and promotional strategies to attract budget-conscious consumers.
- Shares decline as McDonald's misses Wall Street expectations for earnings per share.
- McDonald's aims to boost future sales with new menu items and digital enhancements.