McDonald’s Corp. said Thursday the stronger U.S. dollar and a gain that boosted results a year ago led its second-quarter profit to dip eight per cent.
The company also said its new espresso-based McCafe drinks had added to sales and help boost market share in the U.S. The drinks are being rolled out to all 14,000 of its U.S. locations — a move heavily promoted in ads during the quarter.
The fast-food chain said net income fell to $1.09 billion US, or 98 cents per share, from $1.19 billion, or $1.04 per share in last year’s quarter.
Starbucks, its biggest competitors in the coffee arena, reported a same-store sales dip of six per cent in the U.S. earlier.
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