McDonald’s is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains battle to lure them with value menu items. The burger giant will report first-quarter results on Tuesday, kicking off earnings for US restaurant chains, with top players such as Starbucks and KFC-parent Yum Brands set to report results later in the week.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

FIA issues notice to crypto exchange Binance

On Friday, the Federal Investigation Agency’s (FIA) Cyber Crime Wing (Sindh) stated…

AGP reveals irregularities of billions in NBP

The Auditor General of Pakistan (AGP) has disclosed massive anomalies in the…

Bitcoin falls over lowest in 18 months

On June 13, it emerged that the Bitcoin tumbled to an 18-month…

Moody’s downgrades Pakistan’s credit rating to ‘Caa3’

Islamabad: Moody’s downgraded Pakistan’s local and foreign currency issuer and senior unsecured…