McDonald’s (MCD) has cut a deal in China to build drive thru restaurants at Sinopec petrol stations. The company has 30,000 gas stations, but some are probably small and don’t have rest rooms.
The deal is genius. And, it is exclusive.
The big burger company has over 700 stores in China and plans to add over 100 stores a year. Half of those will be at drive thru locations.
McDonald’s just announced that December same-store sales worldwide rose 7.2%. The company indicated that this would boost Q4 numbers.
It is hard to believe that in late 2002 and early 2003 almost no one on Wall St. thought McDonald’s could still expand at a rapid pace. The stock fell as low as $12.44. But, that theory turned out to be terribly flawed. The stock is now just below $45.
And, it could go higher.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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