McDonald's (NYSE: MCD) stock dropped and quickly recovered following its earnings announcement for the first quarter of 2024. The stock also remained steady in subsequent trading sessions.

This likely reflects some confidence in McDonald's stock. Although both revenue and earnings increased, CEO Chris Kempczinski noted the effects of inflation, saying customers are "more discriminating" with every dollar.

However, inflation does not matter to nearly the degree that casual observers might assume. Thus, investors are likely correct not to react to such news and stay the course with McDonald's. Here's why.

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Source Fool.com