McDonald’s shares dropped by more than 5% during its investor day presentation after CEO Chris Kempczinski said the company’s growth will be flat while inflation continues to accelerate.
The burger giant on Wednesday outlined key details of a multi-year $8.5 billion investment to revamp its restaurants, make its menu tastier and upgrade technology, including an AI program called ArchIQ. Known as “Archie” the technology takes customers’ orders at drive-thrus.
“We must be the first choice for more customers more often,” to capture marketshare Kempczinski said.
The company’s shares have fallen nearly 18% so far this year.
The new program called…
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