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McDonald's Bottomline Faces The Heat Of Consumer Spending Cut In Q1, Shares Slide

McDonald’s Corp (NYSE:MCD) shares are trading lower after the company reported first-quarter FY24 sales growth of 4.6% year-on-year to $6.17 billion, beating the analyst consensus estimate of $6.155 billion. Global comparable sales rose 1.9%, marking 13 consecutive quarters of positive comparable sales growth.  U.S. comparable sales rose 2.5%, and systemwide sales increased 3%. Sales by company-owned and operated restaurants increased 6% Y/Y ...