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McDonald’s Global Sales and Earnings Drop, Weighed Down by Weak US Sales

The company’s first-quarter U.S. sales declined by 3.6 percent year over year, compared to a 1 percent global decline.
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McDonald’s Global Sales and Earnings Drop, Weighed Down by Weak US Sales
A sign in front of a McDonald's restaurant in Pittsburgh, Pa. Gene J. Puskar/AP Photo
Panos Mourdoukoutas
Updated:
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McDonald’s Co.’s first-quarter sales declined due to weaknesses in its home market, as competition in the quick-service industry has heated up.

On May 1, the Chicago-based fast-food franchise giant reported a 1 percent decline in global comparable sales, led by a 3.6 percent decline in U.S. sales.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”