OAN Staff James Meyers
10:35am – Thursday, May 1st, 2025
Fast food chain McDonald's reported the worst quarterly sales in the United States since 2020.
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The fast food chain reported a 3.6% decline in sales at its US “store.” McDonald's claimed it was due to financially tied consumers. It's the worst decline since the Covid-19 pandemic when sales in the same store fell by a whopping 8.7%.
Same store sales, also known as “COMPS,” are retail metrics that measure revenue growth (or decline) in stores that have been open for a period of time.
McDonald Corporation CEO Chris Kemputchinski appears to have denounced President Donald Trump in his revenue call on Thursday.
During the revenue call, McDonald's CEO also noted that he will revamp his McValue menu options while extending a $5 meal deal throughout the rest of the year.
Additionally, the company will add new menu items to bring back more customers. This includes a “fan favorite” chicken strip that will return forever, and a limited edition meal with “Minecraft Movie.”
Additionally, the fast food chain has suggested that it will make money by taking ideas from the COSMC brand and adding new drinks to its menu. COSMC's is a McDonald's spin-off restaurant designed as a drink-driven concept focused on specialized drinks and snacks. It is a different brand from traditional McDonald's, but it operates under the same parent company.
Meanwhile, according to Street Accountanalysts expected sales at the same U.S. stores would fall by 1.7% in the first quarter. As a result of the announcement, McDonald's shares fell 1.3% to $315.42 in early trading on Thursday. Additionally, the company announced its first quarter net income ($2.60 per share) from $1.93 billion, or $2.66 per share the previous year.
Meanwhile, revenue fell 3% to $5.96 billion, down below expectations of $6.09 billion.
However, the internationally developed and licensed market consisting of China, Japan and Brazilian countries reported a 3.5% increase in sales.
Despite declining sales in the US, McDonald's still opening 2,200 locations and reportedly plans to spend between $3 billion and $3.2 billion in capital expenditure this year.
According to the company, the new location is expected to increase sales by 2%.
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