How Bad Is It?
People can't even buy junk food, consumption of which usually goes up when times are hard.
Fast-food giant McDonald's reports first annual setback in at least 25 years
"McDonald's dollar menu keeps gaining fans in the recession, but the world's largest burger chain said Friday that sales slipped for the first time in at least 25 years.
Though the fast-food giant said revenues jumped 7% to nearly $6 billion in the final three months of 2009, it suffered a 3% decline for the full year to $22.7 billion. That was its first annual setback since at least 1984, according to its company filings."
Fast-food giant McDonald's reports first annual setback in at least 25 years
"McDonald's dollar menu keeps gaining fans in the recession, but the world's largest burger chain said Friday that sales slipped for the first time in at least 25 years.
Though the fast-food giant said revenues jumped 7% to nearly $6 billion in the final three months of 2009, it suffered a 3% decline for the full year to $22.7 billion. That was its first annual setback since at least 1984, according to its company filings."
posted by nolocontendere at 10:40 PM
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