First-quarter comparable sales in McDonald's International Developmental Licensed Markets segment will be "slightly lower" than the prior three-month period, Borden said at the UBS Global Consumer and Retail Conference.
"We continue to deal with the impacts of the war in the Middle East. But we're also seeing what I would call a sluggish start in China this year," Borden said.
Global businesses such as McDonald's are also grappling with weak demand in China as employment issues, a deepening property crisis and economic uncertainties put a damper on consumer sentiment.
