McDonald's has suffered its biggest US sales slump in five years as consumers cut back on fast food. Chief executive Chris Kempczinski said lower and middle class Americans were anxious about inflation and wider growth prospects. US sales fell 3.6 per cent in the first quarter, the biggest decline since 2020. Sales declined by 1 per cent overseas – led by a downturn in the UK. Profits fell 3 per cent to £1.
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