McDonald's profit falls as U.S. same-restaurant sales slip

Apr 22 2014, 17:53 IST
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First-quarter sales at restaurants open at least 13 months rose 0.5 percent worldwide, helped by gains in Europe. Reuters First-quarter sales at restaurants open at least 13 months rose 0.5 percent worldwide, helped by gains in Europe. Reuters
SummaryMcDonald's Corp on Tuesday reported a lower quarterly profit as sales at the fast-food chain's established U.S. restaurants fell more than expected.

McDonald's Corp on Tuesday reported a lower quarterly profit as sales at the fast-food chain's established U.S. restaurants fell more than expected.

First-quarter sales at restaurants open at least 13 months rose 0.5 percent worldwide, helped by gains in Europe.

But in the United States, they fell 1.7 percent, below the average estimate of 21 analysts polled by Consensus Metrix, which forecast U.S. same-restaurant sales declining 1.4 percent.

The world's biggest restaurant chain by revenue said net income fell to $1.2 billion, or $1.21 per share, from $1.27 billion, or $1.26 a share, a year earlier.

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