Retail in Asia

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McDonald’s Apr sales rise but miss expectations

McDonald’s Corp. said on Tuesday that a key revenue figure rose in April as strength in the US and parts of Europe helped offset weakness in Japan. But the results fell short of Wall Street expectations and the fast food chain’s own guidance.

Although McDonald’s has consistently outperformed its rivals, the company is facing the same pressures from the turbulent global economy and rising costs for ingredients that are squeezing the entire industry.

The world’s largest hamburger chain says global sales rose 3.3 percent at stores open at least 13 months in April. That was short of the 4.1 percent rise analysts expected, according to Thomson Reuters, as well as the 4 percent rise McDonald’s had forecast.
 

(Source: CNBC)