This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-25871673
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
McDonald's plans further expansion as sales slip | McDonald's plans further expansion as sales slip |
(about 4 hours later) | |
McDonald's, the world's biggest fast-food chain, says it plans to open up to 1,600 outlets this year despite a slip in global sales. | McDonald's, the world's biggest fast-food chain, says it plans to open up to 1,600 outlets this year despite a slip in global sales. |
The chain, which has 34,000 sites around the world, said overall sales fell 0.1% in the last three months of last year. | The chain, which has 34,000 sites around the world, said overall sales fell 0.1% in the last three months of last year. |
The company said 2013 had been a "challenging year". | The company said 2013 had been a "challenging year". |
Meanwhile, sales at global coffee chain Starbucks, rose 5%, although that was lower than hoped for. | |
Profits for the three months to the end of December rose by 25% to $541m (£325m). | |
Chief executive Howard Schultz said the reason growth had not matched last year's 8% was because of the rise in online shopping. | |
He said: "Holiday 2013 was the first in which many traditional brick-and-mortar retailers experienced in-store foot traffic give way to online shopping in a major way." | |
Smoothies | Smoothies |
At McDonald's, sales in the US dipped by 1.6%, with a bigger fall of 2.6% in the faster-growing economies of Asia, the Middle East and Africa. | |
Sales in the UK and the rest of Europe proved more robust, rising by 1% in the fourth quarter. | |
McDonald's has been fighting hard to position itself as a food business that can cater to healthy eaters. | McDonald's has been fighting hard to position itself as a food business that can cater to healthy eaters. |
The company has been serving a wider range of goods, including smoothies and salads, but has faced stiff competition from rivals Wendy's and Burger King. | The company has been serving a wider range of goods, including smoothies and salads, but has faced stiff competition from rivals Wendy's and Burger King. |
McDonald's income for the three months to the end of December was barely higher than a year ago at $1.4bn (£842,000). | McDonald's income for the three months to the end of December was barely higher than a year ago at $1.4bn (£842,000). |
The chain opened its first UK outlet in 1974. | The chain opened its first UK outlet in 1974. |
Previous version
1
Next version