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McDonald's profit falls on weak US sales

McDonald's reported a lower-than-expected quarterly profit as comparable sales in its struggling U.S. business fell for the third straight quarter and sales in Europe declined for the first time in four quarters.

McDonald's shares fell 2.4 percent in early trading, after the company also said global comparable sales were expected to fall in July.

U.S. sales at restaurants open at least 13 months fell 1.5 percent in the second quarter ended June 30 as the company battled resurgent rivals such as Wendy's and Burger King Worldwide.

Analysts had expected McDonald's U.S. comparable sales to fall 0.3 percent, according to research firm Consensus Metrix.

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