McDonalds Shares Dip on Inflation and 8.5B Plan
McDonalds shares fell after warning that customer traffic will remain flat due to inflation. The company unveiled an 8.5 billion dollar franchisee support plan to boost long-term growth.
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McDonald's Corp warned on Wednesday that customer traffic will remain flat while inflation stays elevated, sending shares down 6.5% alongside an $8.5 billion capex plan. The warning highlights turnaround challenges for the fast-food giant as it faces slowing sales and competition. Shares dropped to $234.03, their lowest level in nearly four years, leaving them down 22% for the year.
