On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.

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A Big Mac and fries doesn’t appear to be capturing the attention of consumers for now. McDonald’s stock fell about 3.3% in pre-market trading Tuesday after the fast food giantreported its first quarter earnings.

McDonald’s said Tuesday its value message resonated with customers, but its shares were headed lower premarket after the company came up shy on profit for the latest quarter.

McDonald's saw significant decreases in orders since the beginning of the year due to the increase in menu prices. The menu price hikes come as a direct result of the minimum wage increase in California as well as unprecedented inflation,

A new earnings report from McDonald’s that fell short of expectations is the latest sign that Americans are changing where they spend money amid rising fast food prices, with some opting to eat at home.

McDonald's reported a rare miss in quarterly profits, marking its first such shortfall in two years, as budget-conscious consumers became selective with their spending amidst global economic pressures,