McDonald’s U.S. sales fell just 5.1% in May compared to last year as dining rooms reopenPublished by Terence Mahier | Source
McDonald's U.S. same-store sales fell just 5.1% in May, showing signs of recovery in the U.S. compared to the 29.8% global fall from February to May 💪
This half-good news comes as a surprise since CEO Chris Kempczinski said at the end of April that same-store sales declines in the second quarter will be steeper than the previous quarter’s 🎢
In the U.S., only about 100 out of 14,000 restaurants are closed entirely 🍔
Shares of McDonald’s have fallen 4% this year, quickly recovering in the past months after losing 40% of its value in March... Will investors believe in a full recovery ahead?
Still, McDonald’s U.S. traffic and same-store sales remain negative, with breakfast being particularly hard hit. Consumers working from home are also making their own early morning meal, a trend that is reviving categories like orange juice and cereal 🥣
Outside of the United States, the global fast-food giant has had to reckon with more widespread temporary closures that shut down drive-thru and delivery service... If a second wave threatens to hit, McDonald's will be one of the first on the line 🧐
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- Newspill Team 💊
16-Jun 09:08 (Eastern Time)
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