NEW YORK (AP) – McDonald’s sales edged up just 1.8 at established U.S. locations in the second quarter, short of Wall Street expectations, as it continues its attempts to turnaround its business.
Shares are down 3 percent before the opening bell.
It was the fourth straight quarter that comparable-store sales rose, despite “softening industry growth.” Globally, sales rose 3.1 percent at established locations.
McDonald’s is trying to win back customers under CEO Steve Easterbrook, who took over last year.
For the quarter, McDonald’s, based in Oak Brook, Illinois, earned $1.09 billion, or $1.25 per share, including a 20-cent negative impact from restructuring charges. Analysts expected $1.39 per share, not including one-time items.