McDonald's (MCD) Shares Lower as Co. Warns of Slowdown in Customer's 'Discretionary Visits'

June 19, 2012 10:08 AM EDT
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Shares of McDonald's (NYSE: MCD) pushed below the $89.50 level Tuesday morning as traders responded to some comments from the company at the Jefferies Global Consumer Conference. The stock is currently down 0.6 percent to $89.70, however, traded to as low as $89.21 earlier.

McDonald's warned of fewer discretionary visits by customers moving forward. The company also pointed to a lack of robustness in the "eating out" market.

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