date:Apr 23, 2014
Donald's as it grapples with record-high beef prices, labor cost increases, image-denting protests from its minimum-wage workers and aggressive competition from rivals that include Burger King Worldwide Inc, Wendy's Co and Yum Brands' Taco Bell as well as privately held chains such as In-N-Out Burger and Five Guys Burgers and Fries.
McDonald's said first-quarter net income fell 5 percent to $1.2 billion, or $1.21 per share, missing Wall Street's estimate by 3 cents, according to Thomson Reuters