{"id":2315395,"date":"2024-07-29T11:10:01","date_gmt":"2024-07-29T15:10:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcdonalds-posts-first-underperforming-quarter-results-since-pandemic-washington-examiner\/"},"modified":"2024-07-29T11:12:33","modified_gmt":"2024-07-29T15:12:33","slug":"mcdonalds-posts-first-underperforming-quarter-results-since-pandemic-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcdonalds-posts-first-underperforming-quarter-results-since-pandemic-washington-examiner\/","title":{"rendered":"McDonald\u2019s posts first underperforming quarter results since pandemic &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmcdonalds-posts-first-underperforming-quarter-results-since-pandemic-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2315395&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>McDonald&#8217;s reported its first underperforming quarter since the pandemic, with a significant decrease in customer traffic during the second quarter of the \u200dyear, specifically\u2062 from April 1 to June 30. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-aoc-mcdonalds-employees-in-denmark-arent-better-off\/\" title=\"No, AOC, McDonald\u2019s Employees in Denmark Aren\u2019t Better Off\">fast-food chain<\/a> saw global comparable sales drop by 1%, mirroring a similar decline of 1.3% in its\u200c fourth quarter of 2020. Additionally, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/run-from-the-hills-newsom-dismisses-californias-mass-business-exodus\/\" title=\"Run (From) The Hills: Newsom Dismisses California\u2019s Mass Business Exodus\">net income<\/a> fell by 12%. CEO Chris Kempczinski highlighted that consumers are becoming more\u200b selective with their spending, prompting the\u2064 company to\u200b focus on enhancing its value proposition to customers.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">McDonald&rsquo;s posts first underperforming quarter results since pandemic<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1714649\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/mcdonalds\/\" target=\"_blank\" rel=\"noopener\" title>McDonald&rsquo;s<\/a> saw fewer customers enter through its golden arches in its second quarter, marking the first time since 2020 that <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/fast-food\" target=\"_blank\" rel=\"noopener\" title=\"the chain\">the chain<\/a> experienced a decrease in sales.<\/p>\n<p>The results spanning from April 1 to June 30 of this year saw its <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/business\" target=\"_blank\" rel=\"noopener\" title=\"global comparable sales\">global comparable sales<\/a> decrease by 1%, compared to <a href=\"https:\/\/corporate.mcdonalds.com\/corpmcd\/our-stories\/article\/Q4-and-2020-Results.html\" target=\"_blank\" rel=\"noopener\" title>the 1.3% decrease in sales<\/a> McDonald&rsquo;s experienced in its fourth quarter in 2020. <a href=\"https:\/\/corporate.mcdonalds.com\/corpmcd\/our-stories\/article\/Q2-2024-results.html\" target=\"_blank\" rel=\"noopener\" title>The most recent quarter report<\/a> also revealed that the net income of McDonald&rsquo;s went down by 12%.<\/p>\n<p>McDonald&rsquo;s CEO and Chairman Chris Kempczinski cited how consumers are being &ldquo;more discriminating&rdquo; in how they spend their money, and the chain is aiming to address increasing its value to customers.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">A McDonald&rsquo;s restaurant is seen on Feb. 14, 2018, in Ridgeland, Mississippi. McDonald&rsquo;s confirmed on June 18, 2024, that it has decided to end a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/progressive-billionaire-george-soros-commits-500m-to-private-college-in-ny\/\" title=\"Progressive Billionaire George Soros Commits 0M To Private College In NY\">global partnership<\/a> with IBM, which has been testing an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/death-from-above\/\" title=\"Death From Above\">artificial intelligence technology<\/a> at select McDonald&rsquo;s drive-thrus since 2021.(AP Photo\/Rogelio V. Solis, File)<\/figcaption><\/figure>\n<p>The previous quarter saw McDonald&rsquo;s sales increase by 1.9%, though this was below the 2.1% that had been forecasted.&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><\/a><\/strong><\/p>\n<p>Last week, details about the burger chain&rsquo;s plans to <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3093746\/mcdonalds-extends-5-meal-deal-customer-sales\/\" target=\"_blank\" rel=\"noopener\" title>extend its $5 meal deal were revealed,<\/a> which had originally been set to end after a four-week run. Approximately 93% of all locations committed to continuing this offer, though the length of the extension will vary among restaurants, according to a memo viewed by Bloomberg News.<\/p>\n<p>The move to extend this deal comes as McDonald&rsquo;s is also planning to increase its &ldquo;affordability plans through the rest of year,&rdquo; the memo states. The chain is also seeking to increase its hours of operation to serve customers during off-peak hours.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1714649\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1714649\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>McDonald\u2019s reports its first disappointing quarterly results since the pandemic. In the second quarter, the fast-food chain experienced a decline in customer visits, marking the first sales drop since 2020. From April 1 to June 30 of this year, global comparable sales fell by 1%, compared to a 1.3% decrease in sales during the fourth quarter of 2020. Additionally, McDonald\u2019s net income dropped by 12%. CEO and Chairman Chris Kempczinski noted that consumers are becoming &#8220;more selective&#8221; with their spending and emphasized that the company is working on enhancing value for customers. In contrast, the previous quarter had seen a sales increase of only 1.9%, which was below expectations of 2.1%. Recently, it was announced that McDonald\u2019s would extend its $5 meal deal beyond its initial four-week period; about 93% of locations have agreed to continue this offer, although duration may vary by restaurant. This extension aligns with McDonald&#8217;s plans to enhance affordability options throughout the year and expand operating hours to accommodate customers during less busy times<\/p>\n","protected":false},"author":2632,"featured_media":2315396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/McDonalds-Drive-thru-scaled-1024x619.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[36520,11237,36519,36518,32076],"class_list":["post-2315395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-financial-results","tag-mcdonalds","tag-pandemic-impact","tag-underperforming-quarter","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/McDonalds-Drive-thru-scaled-1024x619.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2315395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2315395"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2315395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315396"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2315395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2315395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2315395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}