Austerity Bites: McDonald’s Sales Miss Expectations

Previous Post: nbsp

Austerity Bites: McDonald’s Sales Miss Expectations

Reuters- McDonald’s reported a lower-than-expected rise in global sales at established restaurants in May and warned that austerity measures in Europe, a big source of revenues, and global economic volatility were taking a bite out of results. Foreign currency rates and higher costs, due in part to preparations for the summer Olympics in London, also were expected to weigh on earnings this quarter, the world’s biggest hamburger chain said on Friday. Read Article

Tags: , , , ,

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes