McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending
McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.