Sales drop month-to-month at McDonald's

Nov. 8, 2012 at 2:55 PM   |   Comments

OAK BROOK, Ill., Nov. 8 (UPI) -- Monthly sales at U.S. restaurant chain McDonald's slipped September to October, the company said, a month-to-month decline that is a rarity for the firm.

Sales fell 1.8 percent at same-store outlets, a category that includes stores that have been open at least one year.

The last time sales dropped month-to-month was in April 2003, the Los Angeles Times reported Thursday.

McDonald's said sales fell in every sales region around the globe, dropping 2.2 percent in Europe and the United States, and 2.4 percent in Asia, Africa and the Middle East.

Along with a post-election decline in stock markets, McDonald's shares fell 1 percent Thursday morning.

In its most recent quarterly report, McDonald's said profits fell 4 percent from the second quarter to the third after dropping 4.5 percent from the first quarter to the second.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Trending News
x
Feedback