McMess at McDonald’s ($MCD)

Global Comparable Sales: Down 1%, with declines in all segments.

Consolidated Revenues: Up 1% in constant currencies.

Operating Income: Fell 5%.

Adjusted Earnings Per Share: Decreased 5%, landing at $2.97.

Sales are down as consumers tighten their spending, especially with recent price hikes.

CEO Kempczinski noted, “These price increases disrupted long-running value programs and led consumers to reconsider their buying habits.” The company is now focusing on value and has seen popularity in its new $5 meal deals.

McDonald's in the Market:

McDonald's remains the most valuable public restaurant in the world, with a market capitalization of $182 billion. This puts it ahead of Starbucks ($84B) and Chipotle ($68B).

McDonald's Real Estate Empire:

As of March 2024, McDonald's operates 42,018 locations globally. Of these:

2,153 are company-operated

39,865 are franchised