Is This the Cloud Behind McDonald's Silver Lining?
McDonald's (NYSE: MCD) offset the impact of rampant inflation and rising costs by hiking prices, but president and CEO Chris Kempczinski hints there may be a storm brewing on the horizon.
Although consumers seemed willing to pay up in the quarter as comparable-store sales in the U.S. rose 3.5%, beating analyst expectations of a 3% increase -- and rose much higher elsewhere in the world -- Kempczinski said consumers are also beginning to trade down on the menu for less expensive items.
Image source: McDonald's.
Source Fool.com
