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McDonald's reports lower Q2 sales, charges weigh down profit
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A sign is shown in front of an McDonald's restaurant in Pittsburgh on Saturday, April 23, 2022. The Chicago-based company said, Tuesday, July 26, it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs, came to $2.55 per share. The results surpassed Wall Street expectations. - photo by AP Photo/Gene J. Puskar
McDonald’s sales fell short of expectations in the second quarter, a sign that inflation and menu price increases could be taking a toll on U.S. demand. The Chicago burger giant said its revenue fell 3% to $5.72 billion in the April-June period. That was short of Wall Street’s forecast of $5.8 billion, according to analysts polled by FactSet.