Economics
McDonald’s Profit Trails Estimates on Slowing U.S. Sales
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McDonald’s Corp. reported second-quarter profit that trailed analysts’ estimates amid slowing U.S. same-store sales and said the restaurant chain may miss its full-year operating income growth target. The shares fell.
McDonald’s declined 2.9 percent to $88.94 at the close in New York, the biggest drop since June 1. McDonald’s has fallen 11 percent this year.