McDonald’s second-quarter net income fell amid lower sales in both the US and international markets.
The fast food chain’s net income slid 12.5 per cent to $2.02 billion as revenue slightly declined 0.1 per cent to $6.49 billion.
US comparable sales decreased 0.7 per cent while the international operated markets segment went down 1.1 per cent. International developmental licensed markets segment contracted 1.3 per cent.
The company’s systemwide sales shrank 1 per cent.
Chris Kempczinski, McDonald’s chairman and CEO, said the company remains confident its reform program, Accelerating the Arches, “is the right playbook for our business”.
“As consumers are more discriminating with their spend, we are focused on the outstanding execution of delivering reliable, everyday value and accelerating strategic growth drivers like chicken and loyalty,” he said.