McDonald’s Corporation (NYSE:MCD) said Q2 EPS rose, but fell shy of forecasts amid sluggish global sales, with only Asia showing growth. Earnings per diluted share were up 1% to $1.40 from $1.38 and falling short of consensus forecasts for $1.44, according to Capital IQ. Revenue rose 1% to $7.2 billion, missing forecasts for $7.3 billion.

In the U.S., second quarter comparable sales decreased 1.5%, in Europe, comparable sales declined 1.0%, while in Asia/Pacific, Middle East and Africa comparable sales increased 1.1%, helped by growth in China.

“Overall, 2014 is a year of strengthening the foundational elements of our business that are critical to enabling and advancing our longer-term strategies,” said President and CEO Don Thompson. “Heading into 2014, we acknowledged that we did not expect any material changes to the operating environment this year. As such, full year 2014 global comparable sales are expected to be relatively similar to year-to-date June performance, with July global comparable sales expected to be negative.”

While near-term results are expected to remain muted, sizable growth opportunities remain, he added.

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