McDonald's Share Price Drops 31% Amid Big Mac Inflation Fears

McDonald's is facing a significant challenge as it struggles to boost its sagging stock price. The company's shares have dropped by nearly 31% from their February high, putting them on track for their worst annual return since 2002.

The burger chain reported slower-than-expected sales growth in the last quarter, with a rise of just 0.8%. This is the slowest pace in over a year, and it's led to concerns about inflation's impact on consumer spending.

McDonald's guided investors to expect 'slightly negative' US sales for the current quarter during its investor day event earlier this week. The company is now focusing on winning back cost-conscious diners who feel that its menu has become too expensive.