Check out some of the companies making the biggest moves midday: McDonald's — CEO Chris Kempczinski said at an investor day event he expects high inflation and flat traffic will continue to weigh on the restaurant industry. The burger chain reported U.S. same-store sales growth of just 0.8% in its most recent quarter as traffic to its domestic restaurants fell. McDonald's shares fell more than 5% to their lowest since 2022. Cracker Barrel Old Country Store — The restaurant chain climbed 5% after reporting fiscal fourth-quarter adjusted earnings per share of 99 cents, up from 74 cents last year. Revenue of $849.3 million beat the consensus Wall Street estimate of $834.
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