McDonald’s notes global economic woes
McDonald’s Corp. said Friday that strength in the U.S. and Europe drove up a key revenue figure in May, but warned that economic volatility around the world and rising expenses are pressuring its second-quarter results.
The fast-food chain also said that foreign currency translations are now expected to hurt second-quarter earnings by 7 cents to 9 cents per share. For May, the company says global sales at stores open at least 13 months rose 3.3 percent. The figure was dragged down by results in Asia Pacific, the Middle East and Africa.
