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
Burger King opened its fifty-seventh restaurant in Nagykanizsa
Burger King opened its 57th restaurant in the country and…
Read more >Digimeter 2024: Reorganization instead of digital catch-up
After 2020, 2021 and 2022, Digiméter assessed the level of…
Read more >McDonald’s came up with a spicy innovation
McDonald’s has launched a unique marketing campaign in the Netherlands,…
Read more >Related news
The quarterly revenue of luxury goods manufacturer Hermés increased by 17 percent
In the first quarter of this year, the revenue of…
Read more >Magyar Posta dissociates itself from the responsibility of checking the contents of “spoofed packages”
Magyar Posta distances itself from responsibility for checking the content…
Read more >In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in…
Read more >