NEW YORK: McDonald’s reported a dip in third-quarter earnings on Tuesday, missing expectations as increased spending on technology hit the company’s performance despite higher sales.
The fast-food giant notched a healthy 5.9% increase in global comparable sales, including a solid rise in the United States. The company also cited Britain and France as strong markets.McDonald’s has invested heavily in home-delivery and mobile pay initiatives in recent years and in 2019 has unveiled a number of acquisitions to boost its drive-through operation.