McDonald's earnings, revenue miss estimates as consumer pullback worsens
www.cnbc.com
McDonald's stock has fallen 15% year to date, dragging its market value down to $181.2 billion.

Looks like McDonald’s is reaping what it sowed. Shit food at shit prices and no one wants to buy?! SHOCKER.

  • dactylotheca@suppo.fiEnglish
    0·
    2 years ago

    I guess “consumer pullback” is one way to describe what’s going on with the economy…

      • Psychodelic@lemmy.world
        0·
        2 years ago

        What other consumer spending is up? Does that include rent and groceries? I mean, is that “increase” I spending not due to ridiculous amounts of “inflation” (read: corporate profits)?

        (Can’t read the posted article since it blocks adblockers apparently)

  • MagicShel@programming.dev
    0·
    2 years ago

    I don’t care other than economy is a powerful predictor of election outcome. I think we are due for a market contraction, and I’ve been out of work for 4 months, but I’m hoping it can hold on for another quarter.