English | دری

McDonald’s profit hit by the strength of the dollar

in International Business

McDonald’s profit hit by the strength of the dollar

McDonald’s net income fell to USD 1.46bn in the third quarter, down from USD 1.51bn last year, after being by the strength of the dollar and increasing competition.

The stronger dollar means international sales are worth less when profits are repatriated.

In the US, sales grew by 1.2%, but operating income fell by 1%. In Europe, underlying sales were up 1.8%, and operating income fell 7%.

Sales remained solid in Chin and Australia.

Chief executive Don Thompson said that while sales would carry on experiencing pressure, the company saw “significant long-term opportunities” for its brand and remained “confident in the underlying strength of our business model”.


Tags assigned to this article:
McDonald'sMcDonald's profits

Related Articles

India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007,

Australia’s growth rate slows down

Affected by the volatile global environment, Australia’s economic growth has slowed modestly, with the growth rate dropping from 0.6% to

Greece averts immediate default with bond deal

Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.