McDonald's US sales disappoint as value deals fail to draw enough diners

McDonald's on Tuesday missed U.S. sales growth expectations for the second quarter as consumers cut back restaurant spending due to economic worries and despite the burger giant's value deals to draw lower-income diners.

Comparable sales in the largest market for McDonald's grew 0.8%, below analysts' estimates of a 1.06% rise, according to data compiled by LSEG. The pace of growth in the U.S. was 2.5% a year ago.

Higher prices for basic goods and fuel have left lower-income consumers with less money to spend on eating out, a key customer base for McDonald's.

Globally, comparable sales rose 1.3%, slowing from a 3.8% jump a year ago. Sales in McDonald's international operated markets segment, which includes major countries in Europe, rose 1.5%, down from 4% a year earlier.