McDonald’s Corp. missed Wall Street’s third-quarter sales forecasts due to weakness in international markets. McDonald's saw a decline in long-standing restaurant sales, missing analyst expectations, but U.S. sales experienced slight growth. Challenges included inflation, consumer cutbacks, and Middle Eastern boycotts. The company’s strategy of value deals, like a $5 meal in the U.S., aims to attract budget-conscious diners. Amid these results, McDonald’s contends with fallout from a recent E. coli outbreak linked to its Quarter Pounders.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02McDonald's Corp missed Wall Street's third quarter sales forecast due to weakness in
00:06international markets. McDonald's saw a decline in long-standing restaurant sales,
00:11missing analyst expectations, but U.S. sales experienced slight growth.
00:15Challenges included inflation, consumer cutbacks, and Middle Eastern boycotts.
00:19The company's strategy of value deals like a $5 meal in the U.S. aims to attract budget-conscious
00:25diners. Amid these results, McDonald's contends with fallout from a recent E. coli outbreak linked
00:30to its quarter-pounders. For all things money, visit Benzinga.com slash GSTV.