McDonald's is attracting more affluent eaters
🍟 McDonald’s posted better-than-expected sales and profits, as it was able to offset a sales slowdown from lower-income customers in the U.S. with a larger share of more affluent diners.
Why it matters: Results from the largest U.S. fast food chain are consistent with the view that while many Americans are still willing to absorb price hikes, thanks to the strong U.S. job market, some are making adjustments to deal with the increased costs.
Read more: https://www.axios.com/2023/10/30/mcdo...