Photo: krynsky / Flickr
The same metric increased by 11.1 per cent in the U.S.; 4.0 per cent in Europe; and 2.4 per cent in Asia / Pacific, Middle East and Africa.
“As previously communicated, while McDonald’s continues to deliver global top-line sales results, the current operating environment includes persistent economic uncertainty, austerity measures in Europe and commodity and labour cost pressures, particularly in the U.S.,” wrote the company in a statement.
“These challenges are expected to impact the Company’s first quarter operating income growth.”
Shares are selling off.
However, management noted that in the U.S., Filet-O-Fish and breakfast offerings sold particularly well.
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