Global slowdown gobbles Big Mac sales

MCDONALD'S,the fast food giant that managed to thrive throughout the GFC,has been hit by the global slowdown. The world’s largest restaurant reports that the eating out market is in decline and people are staying at home as the magnitude of the issues in Europe...

MCDONALD'S, the fast food giant that managed to thrive throughout the GFC, has been hit by the global slowdown.

McDonald’s said it earned $US1.35 billion ($1.31 billion),or $US1.32 ($1.28)a share,in the three months to June 30.That compares with $US1.4 billion,or $US1.35 a share,in the corresponding period a year previously.Total revenue...

MCDONALD'S says net income slipped four per cent in the second quarter as a result of unfavourable foreign exchange rates. Revenue fell short of Wall Street expectations as the fast-food chain cited a slowing global economy.The world's biggest hamburger chain...