American business executive, CEO and chair of McDonald's
McDonald’s has reported a quarter of solid global same-store growth, with US sales up around 3.8–3.9% while overall revenue hits about $6.5–$6.6 billion. Management says consumer spending is under pressure from inflation and higher gas prices, weighing on lower-income customers even as higher-income customers show resilient spending.
McDonald’s has announced its global growth strategy, dubbed McDonald’s > NEXT, to enhance restaurant design, menu quality, customer service and automation. Details and financial targets are to be shared at an investor day in September, as the chain seeks to defend market share amid new rivals and cautious consumer spending.