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McDonald's to report Q2 earnings as budget-conscious consumers remain under stress
['Wed', 'August', 'At P.M. Gmt', 'Min Read']
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McDonald's (MCD) sales growth slowed in the second quarter as consumers faced a challenging economic backdrop and the fast food chain prepared for its next stage of growth.
Sales growth in both of its international market segments (operated and licensed stores) was roughly in line with expectations.
The company's marketing tactics also didn't deliver against expectations, Kempczinski said.
As part of that strategy, the company named Skye Anderson, a 26-year McDonald's veteran, as president of McDonald's USA.
McDonald's named Skye Anderson new president of McDonald's USA.