File: McDonald's notched a healthy 5.9 percent increase in global comparable sales, including a solid rise in the United States.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 percent increase in global comparable sales, including a solid rise in the United States. The company also cited Britain and France as strong markets.But profits were pressured by increased spending in technology and research and development. 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.
Great business. It is often cited in case studies in business school.
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