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McDonald's quarterly profit falls 13 percent
McDonald's said global sales at restaurants open at least 13 months fell 0.7 percent in the quarter ended June 30 due to a drop in traffic in all major markets.
Analysts on average had expected same-restaurant sales to fall 0.4 percent, according to research firm Consensus Metrix.
The company's net income fell to $1.20 billion, or $1.26 per share, from $1.39 billion, or $1.40 per share, a year earlier.
Total revenue fell 10 percent to $6.50 billion.
(Reporting by Siddharth Cavale in Bengaluru; Editing by Savio D'Souza)