CompetitionNear-term fundamentals remain under pressure with intense competition in the US.
International PerformanceWeaknesses across Europe and Asia are further exacerbated by the increasing tensions in the Middle East, and with future strategy still a question mark, international sales are not expected to recover in the near term.
Sales PerformanceDomestic same-store sales of 3.0% were below expectations, with trends softening in August as the promotional environment intensified.