The world’s largest chain of hamburger joints should start worrying about its health. On October 21, The McDonald’s Corporation (MCD) posted third quarter (3Q) earnings that largely affirmed analysts’ expectations from the company – but a second look reveals a different story. For the quarter, the company recorded lower growth in sales from comparable outlets as compared to the growth rates recorded by other businesses in the restaurant industry.
McDonald’s reported $1.52 in diluted earnings per share for the three months through September 30, 2013 (3QFY13), which were 6% higher than $1.43 in the corresponding quarter a year ago. Earnings actually grew 7% if adjusted for currency fluctuations. However, even though revenues rose 2% YoY (year-over-year) to $7.32 billion, they fell short of analyst expectations.