McDonald's quarterly revenue falls 3.6 percent

Send a link to a friend  Share

[July 26, 2016] (Reuters) - McDonald's Corp <MCD.N> reported a 3.6 percent fall in quarterly revenue as fewer customers visited its restaurants, mainly in the United States.

Comparable sales at U.S. restaurants open at least 13 months rose 1.8 percent in the second quarter, but missed the average analyst estimate of a 3.2 percent rise, according to research firm Consensus Metrix.

The company's net income fell to $1.09 billion, or $1.25 per share, in the quarter ended June 30 from $1.20 billion, or $1.26 per share, a year earlier.

Total revenue declined to $6.27 billion from $6.50 billion.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Kirti Pandey)

[© 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top