McDonald’s profit slips; U.S. sales decline
McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag.
The world's biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition, changing eating habits and the persistent financial struggles of its lower-income customers.
In the U.S., sales fell 1.5 percent for the period as fewer customers came into its restaurants. The company, based in Oak Brook, Ill., hasn't managed to raise the figure since October.
Executives say they're working to improve operational speed and service, but that they don't expect performance to change significantly in the near term.
- Associated Press
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