Consumer EnvironmentThe complex consumer environment that exists in many markets around the globe has contributed to pronounced regional sales variations, which has caused system sales growth to fall short of the long-term algorithm.
EarningsBoth EPS and net income down 8%, below expectations.
International OperationsA difficult international operating environment is expected to persist, with risks of global unit closures, ongoing macro challenges in China, and slowing U.S. wage growth potentially reducing customer visits.