McDonald’s global sales fall short

 

McDonald'sMcDonald’s Corp says that a key global sales figure slipped 0.5 per cent in October, with weakness in the US and ongoing difficulties from a food safety scandal in China weighing down its business.

The world’s biggest hamburger chain said on Monday that the decline in global sales at locations open at least 13 months included a one per cent drop in the US and a 4.2 per cent decline for the unit that includes the Asia-Pacific region, the Middle East, and Africa.

McDonald’s APMEA division has been trying to bounce back since the summer, when a TV report in China showed workers at one of its suppliers repackaging meat that was alleged to be expired.

The claim has not been publicly confirmed by the supplier or the government.

The Oak Brook, Illinois company said comparable sales for Europe fell 0.7 per cent.

AP

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