Friday August 7, 2020

Economic challenges hit McDonald's results

Shares in fast food chain McDonald’s fell the most in nine months after posting second-quarter profit and revenue that trailed analysts’ estimates.

23rd July, 2013
“There are folks for whom it’s an economic decision to go to McDonald’s, and they’re not going,” said one analyst.

Shares in fast food chain McDonald’s fell the most in nine months after posting second-quarter profit and revenue that trailed analysts’ estimates. The company said economic weakness would hurt results for the remainder of the year.

Chief executive Donald Thompson has been trying to attract consumers with less expensive fare, such as Dollar Menu foods in the US and combo meals in Europe. Sales at global stores open at least 13 months...

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