McDonald's Global Sales Post Surprise Drop as Tariff Chaos Hits Consumer Confidence
McDonald's posted a surprise decline in first-quarter global comparable sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.
The company was navigating the "toughest of market conditions", CEO Chris Kempczinski said, as global comparable sales fell 1%, while analysts on average had estimated a 0.95% rise.
McDonald's shares fell about 2% in premarket trading after the results. The stock has gained about 10% this year.
The disruptive nature of President Donald Trump's trade policy has worsened wallet pressures felt by lower-income customers in the U.S. and Europe...
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