McDonald's CEO just shared some bad news about the K-shaped economy
McDonald's CEO Chris Kempczinski hinted that the K-shaped economy might be getting worse.
He said higher-income consumers are spending normally, while lower-income shoppers are cutting back more.
Kempczinski added that consumer sentiment is marked by "heightened anxiety."
America is not getting relief from its K-shaped economy problem anytime soon, McDonald's CEO Chris Kempczinski said.
In a Thursday earnings call, Kempczinski said that the macro environment and consumer sentiment are "certainly not improving, and it may be getting a little bit worse."
https://finance.yahoo.com/...
McDonald's CEO Chris Kempczinski hinted that the K-shaped economy might be getting worse.
He said higher-income consumers are spending normally, while lower-income shoppers are cutting back more.
Kempczinski added that consumer sentiment is marked by "heightened anxiety."
America is not getting relief from its K-shaped economy problem anytime soon, McDonald's CEO Chris Kempczinski said.
In a Thursday earnings call, Kempczinski said that the macro environment and consumer sentiment are "certainly not improving, and it may be getting a little bit worse."
https://finance.yahoo.com/...
27 days ago
