McDonald's has stated its trading situation remains "challenging" after it was confirmed by the company that its second quarter earnings fell below the expectations of analysts.
The fast food giant announced that it earned $1.4 billion (£910 million) in the three months to the end of June, which was an increase from last year's $1.35 billion.
However, despite global sales having risen by around one per cent, the financial figures unveiled by the firm still failed to meet predictions.
Chief executive Dan Thompson said sales for the month of July are expected to be flat, even though the company's consolidated results for the second quarter of 2013 were positive.
"Based on recent sales trends, our results for the remainder of the year are expected to remain challenged," he said.
On the back of the announcement, McDonald's has seen its share price drop slightly over the course of trading today (July 22nd).
Its stocks were 2.68 per cent lower at 16:46 BST, a drop of 2.69 points for the day.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.