McDonald’s Corp. says a key sales figure fell in October, marking the first monthly drop in nearly a decade for the world’s biggest hamburger chain.
The company, based in Oak Brook, Ill., says global sales at restaurants open at least a year fell 1.8 percent for the month. The last time the figure dropped was in 2003. The figure is a key metric because it strips out the impact of newly opened and closed locations.
The fast-food chain says the figure fell 2.2 percent in both the U.S. and Europe. In the region encompassing Asia, the Middle East and Africa, it dropped 2.4 percent.
After year of outperforming its rivals, McDonald’s has seen sales slow recently as the company faces intensifying competition and a persistently weak economy.
Reasons why Small businesses are seeing smaller profits:
Is the economy bad—YES;.
Are we 16 Trillion in Debt—YES;.
Do we have 23,000,000 plus people unemployed/
Is ObamaCare a disaster—-YES.
Has the cost of living increased—YES.
Has the price of gas doubled in the last 4 years—YES.
Is the federal government too big at 25% of GNP—YES.
Are small businesses and employers hiring—-NO.
Are college graduates finding jobs after graduation—NO.
Are you better off now then you were 4 years ago—NO.
Did/Does Obama have a solution—NO.
Add increased taxation, cost of living expenses etc. and you see that disposable income has significantly decreased.