McDonald’s Slump Lingers With Drop in Global January Sales

McDonald’s Corp., which is replacing its chief executive officer in a bid to reignite growth, posted a worse-than-projected decline in global sales for January, dragged down by a slump at its Asian restaurants.

The sales, which measure locations open at least 13 months, fell 1.8 percent last month, the Oak Brook, Illinois-based company said in a statement Monday. Analysts had estimated a 1.2 percent decline, according to Consensus Metrix. While U.S. sales narrowly increased, the region that includes Asia, the Middle East and Africa plunged almost 13 percent.