McDonalds US Sales Fall After Six Quarters of Growth
McDonalds reported a decline in quarterly US comparable sales as financially stretched consumers cut back on dining out. Traffic fell despite value promotions and new menu offers. Global sales rose slightly.
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MCDONALD'S CORP reported a 0.2% drop in United States comparable sales during the quarter ended September 30, missing expectations. It is the company's first sales decline in six quarters amid reduced dining out. Consumer visits fell 4.6% in the three-month period from a year earlier, continuing a traffic slump.
