McDonald's warns of tough year

McDonald's warns of tough year
Updated on

Summary McDonald's Corp has reported profit less than expectations and warned of a tough year ahead.

 

NEW YORK (AP) - The world s biggest hamburger chain also said July sales are expected to be flat.


The company, based in Oak Brook, Illinois, says global sales edged up 1 percent at restaurants open at least a year in the quarter.


The figure rose by the same amount in the U.S., where the company has been introducing new menu items such as chicken wraps and egg-white breakfast sandwiches.


For the quarter, the company earned $1.4 billion, or $1.38 per share. That s up from $1.35 billion, or $1.32 per share, a year ago.


Earnings were short of the $1.40 analysts expected.
Revenue rose to $7.08 billion, in line with expectations.
 

Browse Topics