McDonald’s Mideast Q1 sales up 0.8%

April 23, 2014 12:53 pm

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.