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.
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