McDonald's Posts Biggest US Sales Decline in Nearly Five Years
McDonald's posted a steeper-than-expected drop in quarterly U.S. comparable sales on Monday, as demand took a hit from a brief E.coli outbreak while diners remained watchful of their spending.
Comparable sales in the U.S., McDonald's biggest market, fell 1.4% in the fourth quarter, its steepest drop since the height of the COVID-19 pandemic almost five years ago when restaurants limited operations to drive-thru and delivery.
Analysts on average had estimated a 0.4% decline, according to data compiled by LSEG.
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