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McDonald's sales drop for first time since 2003

McDonald's Corp. is having trouble stomaching the competition. The world's biggest hamburger chain said Thursday that a key sales figure fell for the first time in nearly a decade in October, as it faced the double whammy of a challenging economy abroad and intensifying competition at home. The company, based in Oak Brook, Ill., says global revenue at restaurants open at least 13 months fell 1.8 percent for the month. The last time it dropped was in March 2003.

Senh: Now even McDonald's is struggling. They've been one of the bright spots during the recession. Or it could just be that since the economy is improving, people can afford to be more choosy.

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McDonald's blames economy as sales stall in July

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.

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