Fast food giant’s net income drops to €613.2m

MCDONALD’S, the world’s largest restaurant chain, said third-quarter profits fell 5.5% after a tax gain in the year-earlier period.

American sales increased at the slowest pace in two-and-a-half years.

Net income dropped to $735.4 million (€613.2m) from $778.4m a year earlier. Global sales however climbed 8.1% to $5.33 billion, the Illinois-based company said.