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The economy according to McDonald's

McDonald's reported earnings today and shares are trading close to flat.Here are some comments from the company:Overall had a slight dip in traffic in Q3Traffic from low-income consumer was negative across industry but McDonald's continued to have traffic growthPricing level has started to come down in terms of the rate of increaseAverage pricing level in the US business for the full year will be just over 10%Seeing no change at all in terms of customer acceptance on pricingThere is a step-up in... Read More

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Posted: Oct 30 2023, 13:45

Author Name: forexlive

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