McDonald's Mideast Q1 sales up 0.8% | McDonald's Mideast Q1 sales up 0.8% -
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McDonald’s Mideast Q1 sales up 0.8%

: Wednesday, April 23 - 2014 @ 12:53

McDonald’s Corp has said its first-quarter net income fell 5% to $1.2bn, as commodity costs in the US were up roughly 3%, primarily due to higher protein costs, Reuter has reported. However, the US fast-food giant posted better results outside its home market. In the Asia Pacific, the Middle East and Africa (APMEA) region, same-restaurant sales rose 0.8%, compared with analyst projections for a 0.5% increase. McDonald’s has reported roughly two years of turbulent sales at established US restaurants due to sluggish economic growth, stiffer competition and internal missteps that have complicated menus and slowed service.

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Wednesday, April 23- 2014 @ 12:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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