McDonald’s Admits Its New High Prices Are Driving Customers Away
McDonald’s has acknowledged that its high prices have contributed to falling sales, with global comparable sales dropping by 1% year-over-year, including a 0.7% decline in the US. CEO Chris Kempczinski attributed this decline to both external pressures, such as a slowdown in the quick-service restaurant sector and geopolitical tensions, and internal factors, particularly the company’s
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