McDonald's (MCD) Hits Back at NYC Mayor Bloomberg Over 'Sugary Drink' Debate
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Price: $98.74 +0.33%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.2%
Revenue Growth %: +9.5%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.2%
Revenue Growth %: +9.5%
Trade MCD Now!
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.
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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.
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*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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