Once America’s most popular fast food chain, selling over 300 billion burgers by 2013 and 6.5 million until the beginning of this year, McDonald’s apparently no longer “my kind of place” as its sales have fallen the most significantly since the height of the Covid-19 pandemic.
reason? Americans are concerned about the US economy, where Donald Trump is at the helm, and will hurt the country’s consumers more than exporters who will lean tariffs that he doesn’t seem to understand and raise prices to cover additional taxes.
According to the BBC, customers have reduced their visits to the world’s largest burger chain in the first three months of the year, as they were not driven by partnerships with Minecraft movies and extended price deals and trading on extended price. Report.
Chief Executive Chris Kempczynski said its customers are “attacking uncertainty,” but assured investors that the world’s second-largest fast food chain “can navigate even the most demanding market conditions.” McDonald abdicated as the king of food chains earlier this year with China-based mixed ice cream and tea.
“They can always count on McDonald’s exceptionally.”
“McDonald’s figures reflect President Donald Trump’s first two months, with the reporting period ending on April 2nd just before the barrage of tariff announcements,” the BBC wrote.
Kempczinski told the BBC:
Trump and his staff continue to ask Americans to trust his policies. They argue that the company’s base factories and operations will be brought to the US based on the company in order to avoid the president’s new tax.
However, many companies, economists, and populations are less convinced. They all believe that his plans will be difficult to withdraw, and will lead to unemployment and economic pain, at least in the short term.
