McDonald's U.S. Sales Growth Slows Amid Economic Uncertainty

McDonald's (MCD) reported second-quarter earnings that exceeded Wall Street's profit forecasts, but its U.S. same-store sales growth slowed significantly due to budget-conscious consumers cutting back on spending.

The company earned $2.36 billion, or $3.32 per share, for the three months ended June 30, up from $2.25 billion, or $3.14 per share, a year earlier. Excluding one-time charges tied to its restructuring plan, adjusted earnings came in at $3.38 per share, beating the $3.32 per share analysts had expected.

The slowdown in U.S. sales growth comes as Americans, particularly lower-income households, grapple with high gas prices and broader economic uncertainty. Chairman and CEO Chris Kempczinski acknowledged the challenges in the company's home market.