McDonald’s (MCD): No Longer On Steroids, Stock Off On Earnings
January 26, 2009 by Douglas A. McIntyre
The need for more and more people to have inexpensive and convenient food may be tailing off. McDonald’s (MCD) fourth quarter results were lackluster. .
Net income fell 23% to $985 million.
Total revenue was off 3% to $5.6 billion.
Global comparable sales increased f 7.2%, fueled by the U.S. 5.0%,, Europe 7.6% and Asia/Pacific, Middle East and Africa 10.0%
"McDonald’s begins 2009 with six years of momentum, a business model that has delivered even in challenging economic conditions and January sales that remain strong," the company said.
Douglas A. McIntyre
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