McDonald's (MCD) Shares Lower as Co. Warns of Slowdown in Customer's 'Discretionary Visits'
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Price: $271.99 +0.37%
Revenue Growth %: +4.6%
Financial Fact:
Other operating (income) expense, net: 26.8M
Today's EPS Names:
MAXN, CSTR, ACU, More
Revenue Growth %: +4.6%
Financial Fact:
Other operating (income) expense, net: 26.8M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Shares of McDonald's (NYSE: MCD) pushed below the $89.50 level Tuesday morning as traders responded to some comments from the company at the Jefferies Global Consumer Conference. The stock is currently down 0.6 percent to $89.70, however, traded to as low as $89.21 earlier.
McDonald's warned of fewer discretionary visits by customers moving forward. The company also pointed to a lack of robustness in the "eating out" market.
McDonald's warned of fewer discretionary visits by customers moving forward. The company also pointed to a lack of robustness in the "eating out" market.
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