2023-05-28 06:45:00 ET
Fast-food giant McDonald's (NYSE: MCD) has thrived, outperforming the S&P 500 over the past decade. Price increases have helped fuel sales growth, including a double-digit leap forward in the first quarter of 2023.
However, its pricing power might be running low. Management noted that customers have begun trimming their orders, with fries being a common budget casualty.
Investors might find themselves at a crossroads. Is McDonald's running out of pricing power? Or does the stock still have more to give your portfolio? According to the data, its future might not be as bright as its storied past. Here is what you need to know.
For further details see:
McDonald's Diners Are Shunning Fries. Here's What It Might Mean for the Stock.