McDonald's reported an expected drop in first-quarter earnings as sales of its hamburgers in Europe continued to suffer from the fallout over BSE and foot and mouth disease. Income in the period fell to US$378.3m from US$450.9m a year ago. Sales at the fastfood giant, which include both company-owned and franchised stores, rose to US$9.65bn from US$9.51bn a year ago. Sales in Europe, which account for about one-fourth of McDonald's total, fell 6% to US$2.18bn from US$2.31 bn. The profit decline is the second consecutive quarterly drop for McDonald's.
USA: McDonalds earnings continue to suffer from beef backlash
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
Dean's offer to you
Risk-free, money-back guarantee
Most Popular
Insights
- How could Whole Foods takeover affect suppliers?
- Amazon's move for Whole Foods will focus minds
- Minor role for direct-to-consumer in US e-commerce
- How Nestle's US candy review has divided analysts
- Interview: The UTZ, Rainforest Alliance merger
News
- Nestle invests in US meal-kit firm Freshly
- UK proposes end to free movement in Queen's Speech
- Moy Park among assets on block at meat giant JBS
- Nestle to work with Rabobank's Terra accelerator
- CVC 'hires advisers for Continental Foods sale'
Market research
