McDonald’s: Quarterly net income dips

Comment on this story

McDonald’s posted second-quarter profit yesterday that trailed behind estimates after a US sales slump lingered. Net income fell less than 1 percent to $1.39 billion (R14.8bn), or $1.40 a share, the largest restaurant chain by sales said. Revenue rose 1.4 percent to $7.18bn, below the estimate for $7.29bn. McDonald’s US business faces a crowded field and last year it added new items, slowing down its kitchens. Its US same-store sales fell 1.5 percent, compared with a 1.7 percent decline in the previous quarter. Analysts estimated these sales would be little changed, according to Consensus Metrix. The shares fell 1.7 percent by 10am in New York yesterday. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.