The McDonald’s fast-food chain unveiled in a press release that its US sales slipped 3.3% in January.
Nevertheless, its global sales soared 1.2%. In Europe, the figure advanced 2%, while in the Asia-Pacific region, the Middle East, and Africa sales moved up by 5.4%.
In its report, the world's largest burger chain said that January’s decline was caused by very cold weather. The company did not mention any other details.
The extremely cold weather hurt the U.S. Southeast in late December-early January. In some cities temperature was 40 degrees below zero. Because of freak snowstorms, a lot of flights were canceled and railway connection was paralyzed. A weather pattern known as the polar vortex led to a sharp growth in price of natural gas and electricity. Heavy snow and bitter cold cost the US economy about $5 billion.
