International fast food chain McDonald’s reported a decline in net income for the second quarter ended 30 June 2012 by 4% to $1.34bn, when compared to the $1.41bn net income for the corresponding quarter a year ago.
The company’s total revenues for the second quarter of 2012 rose to $6.9bn, while its global comparable sales increased by 3.7%, with positive comparable sales in each geographic segment.
Europe noted comparable sales growth of 3.8%, while operating income was down 3%.
The restaurant chain’s Asia/Pacific, Middle East and Africa (APMEA) segment reported a comparable sales increase of 0.9% for the same quarter.
The chain’s overall operating income for the quarter increased 2%.
McDonald’s chief executive officer Don Thompson said that the company’s system alignment and ongoing commitment to its global priorities of optimising its menu, modernising the customer experience and broadening accessibility to the brand will help navigate the current environment as it continues to build its business and brand.
"While the environment has become more challenging, we continue to see significant opportunities to further differentiate and grow the McDonald’s brand," added Thompson.
The chain primarily offers hamburgers, cheeseburgers besides other fast food and breakfast items.
McDonald’s had recently expanded its menu to include salads, wraps, smoothies and fruits.
Headquartered in the US, McDonald’s was founded in 1940 and operates more than 33,500 restaurants in over 119 countries across the globe.
