McDonald's Not Lovin' It in the U.S.
OAK BROOK, Ill. (TheStreet) -- McDonald's(MCD Quote) may be the McDaddy overseas, but the fast-food chain is still facing trouble at home.
Same-store sales slipped 0.1% in October, as growth remained essentially flat in the United States. But McDonald's saw a big boost internationally, as sales jumped 6.4% in Europe and 4.7% in Asia/Pacific, Middle East and Africa. Regardless, the company did see strength in Dollar Menu items, the new Angus burger and its McCafe espresso-based coffees in the U.S. Last week, rival Wendy's/Arby's(WEN Quote) reported third-quarter profit that matched Wall Street's expectations, while Burger King(BKC Quote) posted a 6% decline in quarterly profit, missing forecasts. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.- Loading Comments...
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