Arab Today, arab today mcdonald\s profit dips as us sales slump
Last Updated : GMT 08:42:42
Arab Today, arab today
Arab Today, arab today

McDonald\'s profit dips as US sales slump

Arab Today, arab today

Arab Today, arab today McDonald\'s profit dips as US sales slump

New York - AFP

Fast-food chain McDonald's said Tuesday its first-quarter profit dropped 5.2 percent amid declining sales in its key US home market,  and vowed to boost global sales. Profit for the first three months of the year was $1.20 billion compared with $1.27 billion in the year-ago period. Diluted earnings per share of $1.26 were down 4.0 percent from a year ago and came in three cents shy of Wall Street expectations. Revenues rose 1.4 percent to $6.70 billion, slightly below estimates. The home of the "Golden Arches" said that in the United States, comparable sales -- sales of restaurants open at least a year --fell 1.7 percent in the January-March period and operating income dropped 3.0 percent. McDonald's said the weakness in sales came "amid challenging industry dynamics and severe winter weather." The Oak Brook, Illinois-based company is facing stiff competition in the fast-food breakfast war in the US. As part of its fight back, the company kicked off a two-week nationwide free coffee promotion during breakfast hours on March 31. McDonald's said its US segment remained focused on improving the restaurant experience through continued efforts to achieve operations and service excellence, customer engagement and menu choice. Overall global comparable sales rose 0.5 percent in the first quarter. Europe sales rose 1.4 percent in the quarter but were weighed down by ongoing weakness in Germany, Europe's largest economy. Sales in Asia/Pacific, Middle East and Africa edged up 0.8 percent. McDonald's pledged to boost performance in key markets including the US, Germany, Australia and Japan. McDonald's president and chief executive Don Thompson said the near-term priority was to improve food and beverage options and service. "We are intent on pursuing initiatives that will strengthen our relationship with our customers to reignite our business momentum." The company is the world's largest fast-food chain, serving about 70 million customers in more than 100 countries daily. McDonald's did not provide any forecast on future performance, but said it expected global comparable sales for April to be modestly positive. The Dow component's shares fell 0.4 percent to $99.29 in early trade on the New York Stock Exchange.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mcdonald\s profit dips as us sales slump Arab Today, arab today mcdonald\s profit dips as us sales slump

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday