McDonald's Q1 profits miss expectations, fall 5.2% as US business continues to wane
SEAFOOD.COM NEWS April 22, 2014
McDonald's Corp. said its profit for the first three months of the year dropped 5.2% as the fast-food giant worked to revive its U.S. sales growth following a challenging 2013.
The results missed expectations.
Chief Executive Don Thompson has suggested that the company has lost relevance with some customers and needs to strengthen its menu offerings. He emphasized Tuesday that McDonald's is focused on stabilizing key markets, including the U.S., Germany, Australia and Japan.
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