McDonald’s July Sales Drop as U.S. Slumps for Third Month
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McDonald’s Corp. said sales at stores open at least 13 months fell 2.5 percent in July, matching the largest decline in a decade, as the U.S. slumped for the third straight month and a food scare in Asia hurt results.
Analysts estimated a 1.1 percent global decline, the average of 12 projections from Consensus Metrix. Sales fell 3.2 percent in the U.S. and 7.3 percent in Asia Pacific, the Middle East and Africa, the Oak Brook, Illinois-based company said in a statement today. Both drops were bigger than analysts estimated.