Looks like McDonald's isn't invincible in this global economy either — even with their cheap (and unhealthy) food.
The company is saying that its net income fell 4% in the second quarter!
And guess what? They're blaming a strong U.S. dollar.
Apparently currency exchange rates make it hard for businesses to make quite as much as they normally do when they're making a good portion of their money in overseas markets.
They get fewer dollars when converting euros or other currencies into dollars.
Mix all this with the fact that they only grew 3.7%, and you can see the slowest growth the company has had since 2009 — even though more stores are open now than ever before.
We wonder if the Olympics will help, or with all the controversy about an unhealthy food joint being a sponsor will hurt them in the long run.
[Image via AP Images.]
Tags: business, cheap, company, controversy, economy, food, global, health, healthy, healthy food, market, mcdonalds, olympic, olympics, unhealthy