McDonald's said Thursday that it's same-store sales, or sales at locations open at least a year, fell 1% globally in the January-March period. Wall Street had been expecting an increase of nearly 2%.

McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners.

McDonald’s restaurants sales in the U.S. dipped in the first part of the year, marking the burger chain's largest decline since 2020.