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McDonald's January sales fall 1.9% as diners rein spending  Join our daily free Newsletter

MENAFN - 09/02/2013

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(MENAFN) US fast-food chain giant McDonald's Corp reported a 1.9 percent decline in January revenue, as fast-food chains fight for diners, Reuters reported.

The company said it expected sales and profit growth to be under pressure in the near term, as diners tighten their pockets due to weak economic growth in key markets.

At the same time, the leading fast food chain is comparing against strong results from a year ago, including a 6.7 percent gain in same-restaurant sales in January 2012.

Sales in Europe, McDonald's top market, fell by 2.1 percent last month, with weakness in Germany and France.

Home sales grew only 0.9 percent, helped in part by the addition of the Grilled Onion Cheddar burger to its Dollar Menu.

Meanwhile, Asia/Pacific, Middle East and Africa (APMEA) sales reported a 9.5 percent decline, as weakness in Japan and the shift in the timing of the Chinese New Year offset strength in Australia.

Additional secondary factors impacted McDonald's sales including worries concerning the safety of China's chicken supply.

Chinese authorities cleared McDonald's and KFC owner Yum Brands Inc of charges they had served chicken laced with excessive chemicals.

 






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