McDonald鈥檚 reported a drop in profits Monday behind broad-based sales declines as the fast food giant redoubles efforts to win over inflation-weary consumers.
All three of the chain鈥檚 operating regions experienced comparable sales decline, a significant weakening next to the year-ago results when global comparable sales jumped nearly nine per cent.
Profits for the quarter ending June 30 were $2.0 billion, down 12 per cent.
Revenues were essentially flat at $6.5 billion.
In the home market of the United States, McDonald鈥檚 experienced a drop in guest counts, although results were bolstered somewhat by digital and delivery growth.