McDonald's earnings mixed, CEO apologizes on food safety lapse
The Peninsula
New York: McDonald s reported a dip in profits Tuesday as the protracted the Middle East conflict weighed on results and the chain s CEO apologized fo...
New York: McDonald's reported a dip in profits Tuesday as the protracted the Middle East conflict weighed on results and the chain's CEO apologized for a food safety scare.
The fast-food giant, which has contended in the last week with an E. Coli outbreak in the western United States, saw a modest uptick in comparable sales in its home market, but lower sales in other regions.
The chain reported a third-quarter profit of $2.3 billion, down three percent from the year-ago period on revenues of $6.9 billion, up three percent.
Global comparable sales decreased 1.5 percent.
In the United States, higher order sizes offset a drag from a drop in guest counts. The chain also cited higher delivery sales.
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