McDonald's (MCD) traffic has dropped as economic pressure spreads from low- to middle-income consumers, executives said Thursday.&nbs🍌p;

Weak 澳洲幸运5官方开奖结果体彩网:consumer confidence dragged down business more than anticipated, executives at the fast-food giant said during a quarterly 澳洲幸运5官方开奖结果体彩网:conference call Thursday. Low-income Americans have๊ been visiting restaurants less for a whilꦆe, CFO Ian Borden said, but traffic among middle-income households was down nearly double digits in the first quarter compared with the same period last year. 

Inflation, high interest rates, and other economic pressures have been weighing on lower-income consumers, Borden said, according to a transcript made available by AlphaSense. "That's spilling over into middle-income consumers right now," he added.

Comparable Sales, Revenue Both 🧸Fell♓ in Latest Quarter

澳洲幸运5官方开奖结果体彩网:Comparable sales at U.S. McDonald's locations fell 3.6% year-over-year in the quarter ended March 31, 澳洲幸运5官方🉐开奖结果体彩网:declining more than analysts 💜expected. The burger giant also missed revenue estimates, reporting $5.96 billion in sales that marked a 3% year-over-year decline.

Fewer morning visits, in particular, may be a bellwether, CEO Chris Kempczinski said. "You're seeing people are choosing either to skip breakfast or they're choosing to eat at home,” he said, according to the transcript.

To appeal to those on a budget, McDonald’s will continue offering 澳洲幸运5官方开奖结果体彩网:value meal deals for as little as $5 for the rest of 2025, Borden said. 澳洲幸运5官方开奖结果体彩网:McDonald’s draws a larger share of low-income and middle-income dine🍌rs than some others in the industry, according to Bor𝓀den.

McDonald’s shares fell nearly 2% on Thursday. In the last year, they haveꦓ gained about 14%.