McDonald's (MCD) Shares Lower as Co. Warns of Slowdown in Customer's 'Discretionary Visits'
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Price: $101.54 +0.42%
Revenue Growth %: +9.5%
Financial Fact:
Franchised restaurants - occupancy expenses: 395.2M
Today's EPS Names:
LBIX, ESEA, ISS, More
Revenue Growth %: +9.5%
Financial Fact:
Franchised restaurants - occupancy expenses: 395.2M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade MCD Now!
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.
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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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