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McDonald's CEO Chris Kempczinski discussed the ongoing challenges of flat traffic and high inflation affecting the restaurant industry during an appearance on CNBC. He noted that inflation remains persistent and that McDonald's is focusing on gaining market share from competitors while being cautious about price increases. The company reported a modest same-store sales growth of 0.8% amid declining customer traffic.
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McDonald's CEO Chris Kempczinski discussed the ongoing challenges of flat traffic and high inflation affecting the restaurant industry during an appearance on CNBC. He noted that inflation remains persistent and that McDonald's is focusing on gaining market share from competitors while being cautious about price increases. The company reported a modest same-store sales growth of 0.8% amid declining customer traffic.
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McDonald's CEO Discusses Impact of Inflation on Restaurant Industry