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

The company named insider Skye Anderson to lead the "acceleration" at its U.S. business, betting on an executive with extensive experience across operations and international markets.

Kempczinski had warned in May that rising macroeconomic uncertainty, including concerns linked to the Iran conflict, was hurting consumer spending.

McDonald's on Tuesday missed U.S. sales growth expectations for the second quarter as its value deals failed to sufficiently draw lower-income diners who have been cutting back restaurant spending due to growing economic worries.

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.