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McDonald's blames economy as sales stall in July

Mcdonald's

The Golden Arches are starting to lose some of their shine. McDonald's Corp. says a key revenue figure came in flat in July, its worst showing in more than nine years, as diners pulled back amid a rough economy. After years of outperforming rivals with a string of popular new items, the snag also suggests competition is intensifying for the world's biggest hamburger chain.

 

McDonald's Profit Rises 15%

McDonald's reported a 15% rise in quarterly profit on sharply higher revenue, though it expects sales growth to ease this month.

 

McDonald's sales figure rises 6 percent in April

Strong sales of McDonald's McCafe drinks and breakfast items in April drove a key revenue measurement up 6 percent worldwide.

 

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