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McDonald's misses profit target as competition delivers breakfast, plant burgers

Reuters Tuesday, 22 October 2019
McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.
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News video: McDonald's shares drop after rare profit miss

McDonald's shares drop after rare profit miss 01:07

McDonald's reported a quarterly profit that missed Wall Street estimates for the first time in two years as it invested heavily in sprucing up U.S. outlets and speeding up delivery, sending its shares down 4 percent. Yahaira Jacquez reports.

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