McDonald's Posts Worst Sales Decline In 10 Years

Mcdonald's big mac chinaREUTERS/Bobby YipCustomers walk up the stairs to a McDonald’s outlet, the first one which opened in China in 1990, at the southern Chinese city of Shenzhen neighbouring Hong Kong, March 18, 2013.

McDonald’s global sales at stores open at least a year declined 3.7% in August.

That the worst same-store sales decline that the fast food giant has reported since March 2003, when global sales also fell 3.7%.

Same-store sales at U.S. stores were down 2.8% and in the Asia/Pacific, Middle East and Africa region they dropped 14.5%.

“During August, McDonald’s global business faced several headwinds that impacted sales performance,” said McDonald’s President and Chief Executive Officer Don Thompson. “As a System, we are diligently working to effectively navigate the current market conditions to regain momentum. For the long term, we remain focused on strengthening the key foundational elements of our service, operations and marketing to maximise the impact of our strategic growth priorities for our customers and our business.”

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