People are waking up :-) McDonalds and Coca Cola see profits - TopicsExpress

People are waking up :-) McDonalds and Coca Cola see profits fall sharply Two US food and drink titans have posted sharply lower profits for the July-to-September quarter. McDonalds saw earnings fall 30%, while Coca-Colas fell 14%, with both citing lower US sales as key reasons. The fast-food chains profits of $1.07bn (£661m) were also hit by a food scandal in China, contributing to a 4.6% fall in revenues to $6.99bn. Coca Cola said that its US sales were down 1% during the quarter. Consumers are increasingly turning to alternatives to sweet, fizzy drinks. The companys profits also suffered because of currency fluctuations and strengthening of the dollar. BBC

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