From Yahoo Finance: 2025-05-02 21:14:00

McDonald’s warns of growing income divide among U.S. consumers. CEO notes declining foot traffic from low and middle-income groups, while high-income traffic remains strong. Company emphasizes commitment to value and affordability in menu offerings. Q1 earnings show 3.6% decline in same-store sales, missing estimates. Consumer Sentiment Index hits three-year low.

Amazon CEO expresses similar concerns about consumer behavior shifts during pandemic. Emphasizes importance of keeping prices low in current economic climate. Rising inflation, tariffs, and market reactions impact consumer sentiment. Companies facing challenges with revenue and earnings in first quarter.

Read more: ‘The US Economy Is Divided’ As Wealthy Customers Keep Coming While Regular Families Cut Back