US Stock Market News | CFO expects to reduce price increases this year, McDonald's up more than 3%
As of the time of publication, the stock has risen by over 3%, closing at $260.055
According to the Zhitong Finance APP, on Monday, McDonald's (MCD.US) saw its increase reach 4% at one point. As of the time of publication, the stock has risen by over 3% to $260.055. McDonald's Chief Financial Officer (CFO) expects to reduce the extent of price increases this year.
In the second quarter report ending on June 30, the company reported revenue of $6.49 billion, lower than the market's expected $6.61 billion; net profit was $2.02 billion, a 12% year-on-year decrease, also below market expectations. In the second quarter of this year, global same-store sales, open for at least one year, fell by 1% year-on-year, marking the first year-on-year decline since the fourth quarter of 2020