Filed under: International markets, Earnings reports, Rumors, Products and services, Competitive strategy, McDonald’s (MCD), Recession

Shares of fast food giant McDonald’s Corporation (NYSE: MCD) traded in the red all day in the wake of disappointing U.S. sales figures for its fourth quarter. The company reported its fourth quarter numbers this morning, and despite beating analyst estimates for its earnings, the stock has been selling off all day.

Going into this mornings earnings announcement, analysts had been expecting to see the company show earnings of 71 cents per share, and the company actually boasted earnings of 73 cents, but earnings were overshadowed by the fact that the company had flat same stores sales growth during December, raising concerns of the impact of slowing U.S. economy.

While December’s same store sales have sparked investor concerns, the company is estimating that January’s same store sales in its U.S. stores will grow by about 1.5%. European same store sales are estimated to grow at least 8%.

Continue reading McDonald’s hit by weak U.S. sales

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