McDonald’s misses its profit goal on US rivals

McDonald’s missed Wall Street estimates for profit for the first time in two years as more investment to spruce up US restaurants and speed up delivery weighed on the world’s biggest fast-food chain, sending its shares down sharply.

McDonald’s misses its profit goal on US rivals
Tue, 22 Oct, 2019 - 20:38
Reuters

By Aishwarya Venugopal

McDonald’s missed Wall Street estimates for profit for the first time in two years as more investment to spruce up US restaurants and speed up delivery weighed on the world’s biggest fast-food chain, sending its shares down sharply.

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CourtsFoodPlace: USPlace: WallPlace: UKPlace: FrancePlace: IrelandPerson: Aishwarya VenugopalPerson: CowenPerson: Andrew CharlesPerson: Eric GonzalezPerson: Paul PomeroyOrganisation: McDonaldOrganisation: Wall StreetOrganisation: McDonald’sOrganisation: Burger KingOrganisation: KFCOrganisation: Wendy’sOrganisation: KeybancOrganisation: Reuters
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