McDonald's CFO Warns of Slowing Overseas Sales and Impact on Lower-Income Consumers
McDonald's CFO Ian Borden stated that international sales will decline this quarter due to the Middle East conflict and weak demand in China, causing the company's shares to drop 2% in early trade. The first-quarter comparable sales in McDonald's International Developmental Licensed Markets segment are expected to be slightly lower than the prior three-month period, with the company attributing the decline to the impact of the war in the Middle East and sluggish start in China.