Retail in Asia

In Sectors

McDonald’s earnings drop as customer traffic falls

McDonald’s reported lower quarterly earnings on Thursday behind a drop in comparable sales and declining traffic in all major segments.

Earnings for the second quarter fell 13.3 percent to USD1.2 billion. Revenues dropped 9.5 percent to USD6.50 billion.

Comparable restaurant sales decreased globally 0.7 percent, with the chain’s home market of the US declining 2.0 percent and the Asia Pacific/Middle East/Africa region falling 4.5 percent.