McDonald's Shares Plummet to New 52-Week Low Amid Persistent Inflation and Flat Traffic

McDonald's shares hit a new 52-week low of $234 after CEO Chris Kempczinski said that high inflation and flat traffic are now considered the new normal.

Kempczinski stated, 'We're not expecting things to change.'

The company has committed $8.5 billion in franchisee support through 2036, but this will weigh on parent cash flow before any efficiency gains arrive.

McDonald's average price target is still at $307.70, with the gap between this and the current price being the widest it has been in years.