McDonald’s Same-store Sales Jump (MCD)
Fast-food giant McDonald’s Corp. (NYSE: MCD) reported this morning that same-store sales for January rose 6.7% year-over-year, higher that the company’s own earlier estimate of 6.1%-6.5%. Sales in the US rose 7.8%, the largest gain of any of the company’s…
Fast-food giant McDonald’s Corp. (NYSE: MCD) reported this morning that same-store sales for January rose 6.7% year-over-year, higher that the company’s own earlier estimate of 6.1%-6.5%. Sales in the US rose 7.8%, the largest gain of any of the company’s regions.
January sales growth for the entire company came in at 9.1% in constant currency terms.
In Europe, same-store sales grew 4%, led by sales in the U.K., Russia, Germany and France. Sales rose 7.3% in Asia/Pacific, Middle East and Africa region, helped by the lunar new year holiday.
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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.