McDonald’s Corp. (MCD), the world’s largest restaurant chain, said sales at stores open at least 13 months fell 0.3 percent in February as its U.S. business slumped for the fourth straight month amid harsh weather.
Analysts estimated a 0.1 percent decline, the average of 15 projections from Consensus Metrix. Domestic same-store sales slid 1.4 percent, Oak Brook, Illinois-based McDonald’s said in a statement today, while analysts anticipated a drop of 0.6 percent in the U.S.
McDonald’s, which has more than 14,200 U.S. locations, has been trying to attract Americans with coffee and breakfast foods. The fast-food industry also is struggling with shaky consumer confidence and a severe winter that McDonald’s says hurt its U.S. sales last month....
