News Column

McDonald's Weighed Down

Oct. 19 2012

McDonald's saw profits fall in the third quarter as unfavourable exchange rates and slower growth at US restaurants weighed on the world's largest fast-food chain.

Profits fell by 3.5 per cent to 1.46 billion dollars, the Oak Park, Illinois-based company said. Revenue stagnated at 7.2 billion dollars.

Market conditions are expected to remain difficult, chief executive Don Thompson said, after profits also fell in the second quarter.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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