Why mcd stocks going down? Any bad news
5/29/2024 08:47am
McDonald's stock decline can be attributed to several factors:
1. **Technology Outage**: The company experienced a global technology system outage that affected operations and customer experience. Such disruptions can lead to lost sales and damage to brand reputation.
2. **International Business Slowdown**: The company's management hinted at a UBS conference that they expect slightly lower international business sales in Q1 compared to Q4. This forecast suggests a potential short-term challenge for the company's top line growth.
In conclusion, McDonald's stock decline seems to be a result of a combination of technology outage and the company's management's forecast of lower international business sales.