McDonald's Exec Says Co Is Gaining Share With Both Middle- And Higher-Income Consumers, And Held Share With Lower-Income Consumer
Portfolio Pulse from Benzinga Newsdesk
During a conference call, a McDonald's executive stated that the company is gaining market share among both middle- and higher-income consumers, while maintaining its share among lower-income consumers.
October 30, 2023 | 1:14 pm
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McDonald's is reportedly gaining market share among middle- and higher-income consumers, which could potentially boost its revenues and profitability.
The news indicates that McDonald's is successfully attracting a wider range of consumers, which could lead to increased sales and profitability. This could potentially have a positive impact on its stock price in the short term.
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