Not even McDonald’s Corp. has an iron stomach for global economic problems. Quarterly net income fell 4.5 percent to $1.35 billion. A stronger dollar hurt the value of sales abroad, reducing profit by 7 cents a share. McDonald’s is also facing higher costs for ingredients and labor. Global sales rose 3.7 percent in the quarter — the slowest growth since 2009.
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McDonald’s profit slips amid global woes
Lefteris Pitarakis/Associated Press
Jill McDonald, CEO of McDonald’s UK, in front of the Olympic Park restaurant in London. McDonald’s gets over 60 percent of its revenue from outside the United States.