• SENSEX
    NIFTY 50
Earnings

McDonald's US same-store sales miss estimates, share drop

Updated : July 26, 2018 07:39 PM IST

The burger giant has been doubling down on discounting with its value menu offerings and other specials as it competes with long-time rivals and fast-growing chains such as privately held Chick-fil-A, Yum Brands Inc's Taco Bell and Dunkin' Brands Group Inc.
The company had signaled in the previous quarter it was seeing weakness in its hotly contested US breakfast category.
In contrast to its slowing US business, same-store sales for the company's international lead markets, which included France and the United Kingdom - rose 4.9 percent, trouncing analysts' expectation of a 3.94 percent gain.
McDonald's US same-store sales miss estimates, share drop
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV