From Yahoo Finance: 2025-05-10 14:30:00

Consumer confidence in the U.S. has hit a five-year low as the economy shrank in the first quarter for the first time since 2022. McDonald’s Corp saw a 3.6% decline in same-store sales in the U.S., the biggest drop since 2020, despite launching new $5 value meals. High-income consumers continue to spend on fast food, but low and middle-income consumers are feeling the squeeze of inflation. McDonald’s CEO acknowledges the economic struggles impacting the company and consumers. Yum! Brands, owner of Pizza Hut, Taco Bell, and KFC, also missed revenue expectations as consumer spending contracts.



Read more at Yahoo Finance: McDonald’s CEO Says Rich Keep Dining Out But Average Income Consumers Feeling Economic ‘Anxiety’