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McDonald's Sales Dip Amid Rising Costs | Irvine News
Description
McDonald’s latest numbers show a slowdown in U.S. sales—just 0.8% growth, down from last year’s 2.5%—blamed on high gas prices and global uncertainty, though global sales edged up 1.3%. Despite missing revenue forecasts, earnings per share beat expectations, and the company rolled out a $3-or-less McValue menu to attract budget-conscious customers. New U.S. president Skye Anderson signals a push for recovery, with stock rising slightly ahead of market open.
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