Last week, McDonalds reported Q1 earnings with overall stable conditions except for the increased costs for food and labor. U.S. same-store sales rose 3.5%, sequentially lower than the last several quarters, in part due to using 2021 as the base. The company reported traffic was minus 1% and while US guests were generally spending and…
Starbucks reported Q1 sales and earnings on Tuesday of this week with both global and US same store sales slightly weaker than expectations at minus 5%. Like other QSR operators, the US same store sales trend worsened somewhat through December, but the company sees January coming in at minus 2. While the company reported US transactions were…
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