McDonald’s (MCD) and Wal-Mart (WMT) may be the only retailers in the country who are doing extraordinarily well. The reason may be simple. What they sell is cheap and, in the case of MCD, if the food does not kill customers, it will keep them filed up straight through the recession.
In October, global comparable sales rose 8.2%.
U.S. comparable sales increased 5.3% to some extent to the continued popularity of McDonald’s Monopoly game. What a way to sell food.
In Europe, strong performance in the U.K., France and Russia and positive results in nearly all other markets drove a comparable sales increase of 9.8%. Monopoly may not sell in Europe but inexpensive hamburgers do.
Comparable sales were up 11.5% in Asia/Pacific, Middle East and Africa.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
