reported mixed results
McDonald's reported mixed quarterly results on Tuesday, with same-store sales growth in the U.S. slowing. CEO Chris Kempczinski announced that Skye Anderson, a 26-year McDonald's veteran, will take over as president of its U.S. business, effective Tuesday, in an effort to improve performance in the home market. While global same-store sales grew by 1.3%, U.S. same-store sales only increased by 0.8%, falling short of Wall Street expectations.
The company also saw stronger performance in its international markets, with same-store sales growth of 1.5% in its operated markets and 1.9% in its developmental licensed markets.
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