Thursday, June 21, 2018
Close  
  • share this

McDonald’s falls short, warns of tough year

/ 08:43 PM July 22, 2013

In this Jan. 20, 2012 photo, the McDonald’s logo and a Happy Meal box with french fries and a drink are posed at McDonald’s, in Springfield, Ill. McDonald’s Corp. reports quarterly earnings on Monday, July 22, 2013. AP

NEW YORK — McDonald’s Corp. reported a second-quarter profit that fell shy of expectations and warned of a tough year ahead.

The world’s biggest hamburger chain also said July sales are expected to be flat.

The company, based in Oak Brook, Illinois, says global sales edged up 1 percent at restaurants open at least a year in the quarter. The figure rose by the same amount in the U.S., where the company has been introducing new menu items such as chicken wraps and egg-white breakfast sandwiches

ADVERTISEMENT

For the quarter, the company earned $1.4 billion, or $1.38 per share. That’s up from $1.35 billion, or $1.32 per share, a year ago.

Earnings were short of the $1.40 analysts expected.

Revenue rose to $7.08 billion, in line with expectations.

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: hamburger chain, Happy Meal, McDonalds
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.