Retail

McDonald’s and Domino’s offer different views on stimulus’ impact

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A family’s stimulus check from the U.S. Treasury for coronavirus (Covid-19) aid arrived in the mail in Milton, Massachusetts, U.S., March 25, 2021.

Brian Snyder | Reuters

Domino’s Pizza and McDonald’s both reported that government stimulus checks boosted their first-quarter results, but the two companies disagree on the longer-term impact of extra cash in consumers’ wallets.

The federal government began sending out the second round of Covid stimulus checks of up to $600 to eligible individuals at the end of December, just before the first quarter started. A third round of checks, worth up to $1,400 to qualifying individuals, were sent at the end of March. The IRS is still sending out…



Source cnbc.com

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