McDonald’s CEO: Consumer Caution Drives Demand for Value

McDonald’s executives warned Thursday (May 7) that consumers are becoming more cautious with their spending as economic uncertainty continues to weigh on household budgets, prompting more diners to seek out low-priced meals and discounts. On a conference call discussing the company’s first-quarter 2026 earnings results, CEO Chris Kempczinski said consumer sentiment is “certainly not improving, and it may be getting a little bit worse.” The comment underscores how restaurant operators are increas