McDonalds isn’t lovin’ quarterly loss

Fast food chain McDonalds will post its second quarterly loss ever as a result of selling 1600 restaurants in Latin America and the Caribbean. Though company CEO Jim Skinner emphasized the firm’s “best quarterly comparable sales growth in three years”, McDonalds would have posted a quarterly gain had it not been for selling most of its Latin American restaurants to a “developmental licensee organization”.

Sources- BBC News, Forbes

Image- BusinessWeek