Menu Content
Go Top

International

McDonald’s Sees Drop in Q2 Earnings

Written: 2012-07-24 14:03:13Updated: 2012-07-24 18:11:36

McDonald’s Sees Drop in Q2 Earnings

The world’s largest fast food chain McDonald’s has posted a drop in earnings.

The company said that its net profit went down four-point-five percent year-on-year to one-point-35 billion dollars in the second quarter of this year.

The home of the Big Mac attributes the fall to a strong dollar and sluggish consumer spending amid an economic slump.

McDonald’s also predicted that comparable global sales in July will be lower than that of the second quarter.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >