McDonald's profit misses expectations, U.S. sales off 1.5 percent
SEAFOODNEWS.COM [Chicago Tribune] By Jessica Wohl - July 22, 2014 -
McDonald’s Corp. reported another disappointing quarterly profit on Tuesday, with earnings and sales once again missing Wall Street's expectations as the world's largest restaurant company struggles to keep up with more nimble competitors.
The world’s largest restaurant company said same-store sales, or sales at locations open at least 13 months were “relatively flat” during the second quarter. U.S. same-store sales fell 1.5 percent.
McDonald's has been saying for months that it will take time for efforts such as service improvements to lead to better results.
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