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Home Business

McDonald’s suffers second straight decline in quarterly sales

29 October 2024
in Business
McDonald’s suffers second straight decline in quarterly sales
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McDonald’s experienced a second consecutive decline in sales in the third quarter, with global comparable sales falling 1.5% due to weak consumer demand in international markets. The fast-food chain reported a 3% increase in revenue to $6.9bn, but net profit dropped 3% to $2.26bn. Despite efforts to attract customers with value deals, such as $5 meal deals in the US, sales in international markets like France, the UK, the Middle East, and China continued to decline.

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Tags: declineMcDonaldsquarterlySalesstraightsuffers
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