Higher prices have weighed on customers in an array of industries that interact with consumers.
Some of America's best-known corporations are saying their consumers are feeling pinched by inflation as prices continue rising.. Though the pace of price growth has cooled since the Federal Reserve began raising interest rates in early 2022, consumers are still feeling the squeeze — and often tightening purse strings — as costs continue climbing.CEO Chris Kempczinski said on the fast food chain's earnings call early Tuesday.
"The categories we compete in remain under pressure with consumers continuing to carefully manage their discretionary spend as the cumulative impact of inflation on food, energy and housing cost has outpaced wage growth," Peterson said.CEO Noel Wallace said last week that volume growth has largely returned as"inflation became more benign and as pricing started to stabilize.", management has seen consumers focus on value.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McDonald's higher US sales in Q1 help overcome weakness from boycotts overseasMcDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand over its perceived support for Israel. The Chicago burger giant said its same-store sales rose 1.9% worldwide in the January-March period.
Read more »
McDonald's higher US sales in Q1 help overcome weakness from boycotts overseasMcDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand over its perceived support for Israel.
Read more »
McDonald's higher US sales in Q1 help overcome weakness from boycotts overseasMcDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand over its perceived support for Israel.
Read more »
McDonald's debuts ‘world's first billboard' that smells like McDonald's friesSure, you’ve seen billboards. But have you ever had the chance to smell one?
Read more »
EUR/USD falls toward 1.0600 on higher expectations of the Fed prolonging higher ratesEUR/USD continues to lose ground for the sixth successive session, trading near 1.0610 during the Asian hours on Tuesday.
Read more »
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-ShillerIt marked another increase after the prior month’s annual gain of 6%, and the fastest rate of price growth since November 2022.
Read more »