McDonald’s Sales Can’t Stop Share Price Slide (MCD)
Earlier today McDonald’s Corp. (NYSE: MCD) reported that same-store sales for January rose 6.7%, higher that the company’s own earlier estimate of 6.1%-6.5%. The consensus analyst estimate was for a gain of 7.3%. Total sales rose 9.1% in constant currency…
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Earlier today McDonald’s Corp. (NYSE: MCD) reported that same-store sales for January rose 6.7%, higher that the company’s own earlier estimate of 6.1%-6.5%. The consensus analyst estimate was for a gain of 7.3%.
Total sales rose 9.1% in constant currency terms, but the share price is heading south today as McDonald’s is falling victim to worries about the never-ending saga of the Greek debt swap deal.
Shares rose early in the morning, but have since fallen back to down -0.85% at $100.05 in a 52-week range of $72.89-$102.22.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
