McDonald’s Sinks To Four-Year Low As Deutsche Bank Sours On Turnaround Hopes McDonald’s shares tumbled as much as 5.9% on Wednesday, the sharpest intraday decline since the early-2020 Covid selloff, before closing down 4.8% at their lowest level since 2022. The Big Mac quick-service restaurant chain’s investor day heightened Wall Street concerns that softening US sales, coupled with plans for massive investments across restaurant locations, could pressure cash flow and shareholder returns, weighing on the stock for the foreseeable future. McDonald’s held its investor day at its Chicago headquarters on Wednesday. CFO Ian Borden said the burger chain expects its… — Continue at ZeroHedge News : Read More
