McDonald's profit report
McDonald's announced that its sales are continuing to struggle as efforts by its new chief executive to win back customers in the U.S. haven't paid off yet.
The Oak Brook, Ill.-based burger giant is off to a rough start this year, reporting on Wednesday that same-store sales fell 2.6% in the U.S. division in the first quarter, including a 3.9% decline in March–worse than analysts expected. Profit for the period also fell by a steeper-than-expected 32%, in part because of exchange-rate changes.
Customer traffic declined in all of McDonald's major markets, adding to two years of struggles at the world's largest fast-food chain, which is battling changing consumer tastes in America and food-safety issues in Asia. The company said it expects to report a continued decline in same-store sales for April and has decided to close an additional 220 under-performing restaurants, primarily in the U.S. and China. (portfolio.hu)
Related news
On Valentine’s Day weekend evenings, McDonald’s renovated Nyugati tér restaurant will be for lovers
Lovers can expect a special program at the McDonald’s Nyugati…
Read more >The foie gras burger is returning to McDonald’s
From February 5, McDonald’s restaurants in Hungary will once again…
Read more >McDonald’s comeback strategy: McValue has arrived
McDonald’s, the largest fast-food chain in the United States, is…
Read more >Related news
Are we buying more consciously? Demand for Hungarian flavors is unabated
Kifli.hu works with hundreds of Hungarian producers to offer a…
Read more >Alibaba’s quarterly profit increases significantly
Chinese e-commerce giant Alibaba Group Holding reported a sharp rise…
Read more >Gránit Fund Management strengthens with new marketing and communications manager
From February 2025, Attila Csonka will manage the marketing, communication…
Read more >