• Register

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.

Today's Top Stories

Posted by

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.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs