McDonald's said today its quarterly earnings fell for the seventh time in eight periods on sluggish sales in the United States and Europe.
The world's largest fast-food chain reported third-quarter net income of $486.7 million compared with $545.5 million, in the same period last year.
McDonald's results were expected to be weaker after it warned last month that earnings would miss analysts' expectations.
McDonald's is struggling to turn around its US business. In September, the company said it would start a value-priced menu, open fewer restaurants and spend more on restaurant remodelling to try and boost US sales.