McDonald's (MCD) Hits Back at NYC Mayor Bloomberg Over 'Sugary Drink' Debate

June 1, 2012 2:20 PM EDT
McDonald's (NYSE: MCD) is firing back at NYC Mayor Michael Bloomberg Friday via the microblogging service Twittter.

On Thursday, Bloomberg's Twitter account (@MikeBloomberg) posted the message: "@McDonalds drinks have increased 457% in volume since 1955. Portion size drives consumption:" with a link to his own website here.

In its defense, McDonald's touted the sureheadedness of its clientele, saying, "@MikeBloomberg We trust our customers to make the choices that are best for them."

This brief article isn't going to get political, but McDonalds has a point. Demand drives supply. Maybe the chain noticed customers sitting in restaurants going up to the soda machines two or three times through a sitting and wanted to bring that same experience for its drive through customers.

Either way, McDonald's shares are down 3 percent on the session.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Insiders' Blog

Related Entities


Add Your Comment