McDonald's Global Sales Fall More than Expected on Muted Demand
McDonald's on Tuesday posted a steeper-than-expected drop in quarterly global comparable sales, hurt by weaker traffic across its key markets even as it intensified promotions to woo back customers after several years of price hikes.
Net income fell to $2.26 bln, down 3% from the year-ago period. The Chicago-based company earned $3.23 per share on an adjusted basis in the quarter, compared with last year's $3.19. It was not immediately clear if that was directly comparable to the $3.20...
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