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Customers Slow Spending at Starbucks, McDonald's, Pizza Hut
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May 2, 2024May 2, 2024IPOs

Customers Slow Spending at Starbucks, McDonald’s, Pizza Hut

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In January, economists warned that customers would spend less at places like fast food chains as rising inflation drives up the prices of necessities — and earnings reports released this week show those predictions might have come true. McDonald’s, Starbucks, Pizza Hut, and KFC all reported lower-than-expected sales this week. “Clearly everybody’s fighting for fewer...