The Emirates Times

Linkedin Twitter Facebook Tumblr

The Emirates Times

– Make It Happen
Enquire Now
Menu
  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
    • Dubai
    • Jordan
    • Bahrain
    • Abu Dhabi
    • Saudi Arabia
    • Oman
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • EVENT
  • SUCCESS STORIES
  • METAVERSE

The Emirates Times

– Make It Happen
Menu
  • Home
  • Interview
  • UAE
  • Gulf News
    • BUSINESS
    • Dubai
    • Jordan
    • Saudi Arabia
    • Abu Dhabi
    • Bahrain
    • Oman
  • Technology
  • Lifestyle
    • Biography
    • EVENT
  • Metaverse
Home Gulf News

McD’s Reports Indicate a Drop in Worldwide Sales

July 30, 2024
in Gulf News, Dubai
0 0
0
McD's Reports Indicate a Drop in Worldwide Sales

On Monday, McDonald’s disclosed an unexpected decline in its quarterly worldwide comparable sales, indicating the company’s difficulty preventing financially constrained patrons from preparing less expensive meals at home.

LSEG data show that global sales decreased 1% in the second quarter, marking the first decline in 13 quarters, as opposed to analysts’ average prediction of a 0.53 percent increase.

Persistent inflation and rising burger and pizza prices have compelled the lower-income population to switch to more affordable meal options at home, reducing demand for fast food chains like McDonald’s and Domino’s Pizza.

This has led restaurants to introduce several limited-time deals and value bundles priced between $3 and $5 to entice value-conscious customers back. Since competitors Burger King, Wendy’s, and Starbucks started offering meal deals recently, the battle for cheap meals has intensified.

Following its launch on June 25, McDonald’s planned to continue offering its $5 meal deal at most US locations through August. Comparable sales in the US decreased by 0.7% during the quarter that ended on June 30 after rising by 10.3% in the same period last year. Due to weakness in France, sales in international markets decreased by 1.1% compared to estimates of a 1.69% growth.

Also Read:

India: Revised Results and Ranks for NEET-UG 2024 

In The First Half of 2024, Sheikh Zayed Grand Mosque will Welcome Over 4.37 Million Worshippers and Visitors 

 

ShareTweetSend
Next Post
The President of the UAE Greets the Leader of Chile at an Official Ceremony at Qasr Al Watan.

The President of the UAE Greets the Leader of Chile at an Official Ceremony at Qasr Al Watan.

No Result
View All Result

Latest Posts

executive coaching
business

Why Executive Coaching Is Essential for Modern-day CEOs

by Editor
July 1, 2025
0

The role of a CEO has evolved far beyond setting strategy and overseeing operations. Today’s CEOs are expected to be...

Read more
AMPSZ Consulting

Serial Entrepreneur Samuel Zekri Announces Full Exit from AMPSZ Consulting FZCO in Dubai to Focus on Larger, Consolidated Ventures

June 27, 2025
Dubai crypto exchange

Best Crypto Exchanges in Dubai and the UAE for 2025: A Comprehensive Guide

June 27, 2025
Amaraya

Dubai’s Crown Jewel of Beauty: The Story Behind Victor Keyrouz X Amaraya

June 26, 2025
UK Property

UK Property – What the Agents Don’t Tell You

June 10, 2025

Follow Us

The Emirates Times

– Make It Happen
The Emirates Times is an English Language Internet media with a significant focus on business, technology, news, entrepreneurship, leadership, innovation, prominent business personalities, and many more, majorly in the GCC region. Further, the company publishes interviews, news, business content, press releases, etc. This platform also publishes about real estate, sports, metaverse, business ideas, and more.
Linkedin Twitter Facebook Tumblr

Important links

  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
  • TECHNOLOGY
  • LIFESTYLE
  • METAVERSE

Contact Us

  • sales@theemiratestimes.com
  • +91-70-6556-6556

© 2024 theemiratestimes