Quick and cheap are two of the first words that come to mind when thinking about fast food. But some McDonald’s customers have criticized the restaurant giant over recent higher menu prices, prompting the CEO to address the issue of affordability during the company’s latest earning call.

McDonald’s CEO Chris Kempczinski spoke to analysts on Monday morning about the fast food chain’s mixed fourth quarter results, as well as the global market impact with ongoing conflict in the Middle East and Muslim communities, and ultimately about how to re-engage lower-income customers.

After the earnings results were posted, McDonald’s shares tumbled nearly 4% on the New York Stock Exchange by closing.

While global same-store sales – meaning stores that have been open for at least a year – were up 3.4%, short of Wall Street’s expectations, Kempczinski said those earnings results were impacted by the war in the Middle East.

Domestically however, same-store sales were up by 4.3%, which was more closely aligned to previous quarters and company expectations for what the CEO called “normalized growth.”

  • lurch (he/him)
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    10 months ago

    No, it didn’t. The stock’s been volatile all the time. It’s now higher than last year, higher than 3 months ago, etc… It had two small exceptional highs this month, but it didn’t “drop”.

    • @ralphio
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      1410 months ago

      Eh, I’d say there’s something here, they beat earnings on Monday, but the stock plunged specifically reacting to that earnings call. You’re right that it’s a blip on the long term charts, but it’s worth looking into how the market reacts to things, and it clearly did react negatively to the call.

      1000000120

      1 year chart to show it is in fact a blip.

      1000000121

    • @[email protected]
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      310 months ago

      “Stock price drops” could mean it just closed lower than the day before, or maybe it traded lower in the timeframe directly after the earnings call. Either way it’s essentially meaningless commentary