McDonald’s global sales drop

McDonaldsMcDonald’s says that a key global sales metric fell 1.8 per cent in January, continuing to be weighed down by struggles in Japan and China.

The world’s largest hamburger chain said that sales at locations in the Middle East, Africa and Asia Pacific region open at least 13 months dropped 12.6 per cent.

McDonald’s Corp said its performance in the segment was hurt by broad based consumer perception issues in Japan as well as the ongoing fallout from a food safety scandal in China and shift in the timing of the Chinese New Year.

The figure edged up 0.4 per cent in the US and climbed 0.5 per cent in Europe.

McDonald’s, based in Illinois, announced last month that Steve Easterbrook will become its new president and CEO, succeeding the retiring Don Thompson.

AP

Comments

Comment Manually

Inside Retail Polls

How are your Christmas sales shaping up compared to 2018?
Vote

Twitter

Discover the 20 Coolest Retailers in Australia. Get the free report: https://t.co/uyCZcBFGQH #retailnews #retailhttps://t.co/1qLrw1eGjn

2 weeks ago

We reveal the freshest changemakers, disruptors and trendsetters in the latest issue, grab a copy today:… https://t.co/zB6tefVJJk

2 weeks ago

Have you heard of Toymate? What was once a small family business has become a rapidly expanding retail chain fillin… https://t.co/kRMzUfZ7zn

3 weeks ago