McDonald's Quarterly Profit Falls 13%

Filed under: Company News, McDonald's, Earnings, Food & Beverage, Restaurants

JeepersMedia/FlickrBy Siddharth CavaleMcDonald's second-quarter profit fell 13 percent, hurt by a decline in global same-store sales as fewer customers ate at its restaurants.McDonald's (MCD) said global sales at restaurants open at least 13 months fell 0.7 percent in the quarter ended June 30 due to a drop in traffic in all major markets.Analysts on average had expected same-restaurant sales to fall 0.4 percent,...

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