McDonald’s Corp on Thursday reported a 1,8% drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by stiff competition in a weak economy.
Analysts, on average, expected a 1,07% decline in sales at restaurants open at least 13 months, according to Consensus Metrix.
The results came just weeks after the world’s biggest hamburger chain posted its worst quarterly restaurant sales growth performance in nine years.
October sales at restaurants open at least 13 months fell 2,2% in both the United States and Europe and fell 2,4% in the Asia/Pacific, Middle East and Africa (APMEA) region.
Analysts, on average, had expected a 1,05% decline in the United States, a 0,69% fall in Europe and a 3,01% drop for the APMEA region, according to Consensus Metrix.
The United States just edges out Europe as McDonald’s largest market for sales.
.
McDonald’s sales fall for first time in 9 years
McDonald’s Corp on Thursday reported a 1,8% drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by stiff competition in a weak economy.
Analysts, on average, expected a 1,07% decline in sales at restaurants open at least 13 months, according to Consensus Metrix.
The results came just weeks after the world’s biggest hamburger chain posted its worst quarterly restaurant sales growth performance in nine years.
October sales at restaurants open at least 13 months fell 2,2% in both the United States and Europe and fell 2,4% in the Asia/Pacific, Middle East and Africa (APMEA) region.
Analysts, on average, had expected a 1,05% decline in the United States, a 0,69% fall in Europe and a 3,01% drop for the APMEA region, according to Consensus Metrix.
The United States just edges out Europe as McDonald’s largest market for sales.
.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos