For months, inflation’s been a real problem for the US economy; despite the White House undermining the severity of inflation, people are living with the consequences each day.
Thanks to higher prices, more Americans are struggling with the expenditures of living. It’s also getting tougher for people to pay off debts and put aside money for a rainy day.
Just like individuals, however, businesses too are feeling the sting of inflation. Inflation is making supplies more expensive to come upon. It also doesn’t help matters that labor shortages are present amidst soaring prices.
One of the largest companies dealing with inflation is none other than McDonald’s itself.
Inflation meets the Golden Arches
In an earnings report earlier this week, McDonald’s revealed that share earnings of $2.23 each did not meet the mark of previous Wall Street projections; in fact, they were off by $0.11.
Correspondingly, the over $6 billion that McDonald’s brought in during 2021’s last quarter also failed to meet predictions from Wall Street.
