Stronger dollar hurts McDonald’s 3Q results

Published October 19, 2012 10:23pm ET



NEW YORK (AP) — Tough competition in the U.S. and the weakening economy abroad was a double whammy for McDonald’s in the third-quarter, sending the burger chain’s net income down nearly 4 percent.

McDonald’s said it was adjusting some of its plans to deal with the pressures, including stepping up advertising for its dollar menu and bringing back the popular McRib sandwich nationally in December to drive traffic into U.S. stores.

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