McDonald’s US Growth Beats as Value Draws Strapped Diners

McDonald’s reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains. The company attributes the rise mostly to higher per-visit spending. McDonald’s is also targeting deeper discounts and expects to maintain it’s value program in the coming quarters. Allspring Global Investments Senior Portfolio Analyst joined Emily Graffeo and Katie Greifeld on ‘Bloomberg Businessweek Daily’ to break it down.
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