AP News

On the Call: McDonald's CEO discusses economy


McDonald's Inc. said Friday that its third-quarter net income fell nearly 4 percent as the stronger dollar hurt international results and the chain faced tough competition in the U.S.

Here CEO Don Thompson discusses the global economy.

QUESTION: This quarter your global revenue in restaurants open at least 13 months were lower than in any quarter even during the peak of the financial crisis, a time when the macro indicators like consumer confidence were much worse. Why do you think that is?

RESPONSE: "It's been very rare that we've ever seen all of our major markets experiencing the impact of these kind of global economies at the same time. And so that is one of the things that we're seeing right now. And therefore we are, as we have been, investing to ensure that we continue to drive traffic and market share because we know that that correlates to our longer-term growth."


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