McDonald’s Shares Sink as Inflation Keeps Customers Away, Putting Pressure on $8.5 Billion Turnaround

McDonald’s warned that weak customer traffic across its major markets could persist as long as inflation remains elevated, adding to concerns that the fast-food giant’s turnaround will take longer to deliver results and sending its shares down as much as 6.5% on Wednesday. The warning came as McDonald’s unveiled an $8.5 billion, decade-long support package […] The post McDonald’s Shares Sink as Inflation Keeps Customers Away, Putting Pressure on $8.5 Billion Turnaround appeared first on Tekedia.

McDonald’s Shares Sink as Inflation Keeps Customers Away, Putting Pressure on $8.5 Billion Turnaround












McDonald’s warned that weak customer traffic across its major markets could persist as long as inflation remains elevated, adding to concerns that the fast-food giant’s turnaround will take longer to deliver results and sending its shares down as much as 6.5% on Wednesday. The warning came as McDonald’s unveiled an $8.5 billion, decade-long support package […]

The post McDonald’s Shares Sink as Inflation Keeps Customers Away, Putting Pressure on $8.5 Billion Turnaround appeared first on Tekedia.

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