McDonald's profits hit by inflation, Middle East boycotts over Israel-Hamas war

McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits.McDonald’s reported first-quarter net income of $1.93 billion, or $2.66 per share on Tuesday. Excluding restructuring charges, the Golden Arches earned $2.70 per share. Though it was up from the year-ago period, it missed Wall Street’s $2.72-per-share expectations. 5 McDonald’s reported first-quarter earnings on Tuesday that widely came in below Wall Street’s expecta ...