McDonald’s U.S. sales growth stalls to 0.8% as gas prices bite
McDonald’s U.S. sales growth stalls to 0.8% as gas prices bite
McDonald’s posted a strong profit in its second quarter and named a new chief of U.S. operations with sales at home under pressure as many Americans grow more cautious about spending.
McDonald’s said same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That’s a sharp slowdown from the 2.5% increase a year ago, when the company had a big win with a meal tied to “A Minecraft Movie.” Global same-store sales rose 1.3%.
McDonald’s warned in May that high gas........
