The Traderszone Network

Published in TZ Latest News 22 April, 2015 by The TZ Newswire Staff

McDonald’s profit misses estimates as U.S. sales slump persists

McDonald’s Corp. Chief Executive Officer Steve Easterbrook promised to give details of his turnaround plan for the struggling chain next month, following another quarter of declining sales and profit. “We are developing a turnaround plan to improve our performance and deliver enduring profitable growth,” Easterbrook said in a statement Wednesday. The prospect of a comeback plan placated investors after McDonald’s profit missed analysts’ estimates and the company posted a sixth straight quarter of decreasing U.S. sales.

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