Updated 8h ago · Business
McDonald's Names New US Chief After Sales Slump.
McDonald's U.S. same-store sales grew 0.8% in Q2, missing analyst estimates of 1.06%. Global same-store sales rose 1.3%.
- 0.8% U.S. growth compares with 2.5% growth in the same quarter a year ago.
- $2.36 billion net income rose 5% year over year.
- $3.38 adjusted EPS beat the $3.32 per share analysts expected.
- $7.1 billion in revenue fell just short of Wall Street's $7.13 billion estimate.
Why it matters: Higher prices for basic goods and fuel have left lower-income consumers with less to spend on eating out — a core McDonald's customer group.
- Gas averaged $4.56 per gallon at its May 21 peak, per AAA.
- Value pushes — including an under-$3 McValue menu and discounted breakfast — were offset by weak demand and tough year-ago comparisons.
How 14 sources split on this story
Source landscape
Factuality
High
Mixed
Low
Strong LeftLeftLean LeftCenterLean RightRightStrong Right
Political Bias
Coverage by lean
14 sources · 18 articles · 43% Left coverage
Center coverage, 6 sources: The center treats the result as a mixed earnings report — profit beat, U.S. sales miss — with the leadership change as a concrete corporate response.
Associated Press2dMcDonald's posts strong second quarter profit, names new leader for US marketCNCTV News2dMcDonald’s U.S. sales disappoint as value deals fail to draw enough diners
Reuters1dVendas do McDonald's nos EUA desaceleram no 2º tri; lucro fica acima do esperado
Forbes1dMcDonald’s Is Suffering From Americans’ Affordability Concerns
Fortune1dMcDonald's U.S. sales growth stalls to 0.8% as gas prices bite | Fortune
MarketWatch1dMcDonald’s admits its value meals have become too confusingLeft coverage, 6 sources: The left frames the story around economic pressure on lower-income Americans pulling back from fast food despite McDonald's affordability efforts.
ABC News2dMcDonald's posts strong second quarter profit, names new chief of US operations
Business Insider8hMcDonald's rethinks value menu - we want your take
The Independent1dHow McDonald’s is hoping to win back customers with a boosted value menu
CNN1dMcDonald’s sales in the US are slowing after deal fatigue
Los Angeles Times2dMcDonald’s earnings weakness led to a shake-up in U.S. leadership
NBC News1dMcDonald’s sales struggle despite value mealsRight2 sources
What’s next: Skye Anderson will become president of McDonald's USA, replacing Joe Erlinger.
- CEO Kempczinski said the company sees room to improve U.S. performance.
- Will the leadership change and revised value strategy reverse slowing U.S. sales growth?
- How much of the U.S. slowdown reflects lasting consumer caution versus temporary factors like gas prices and the Iran conflict?