McDonald's (MCD) Japan Affiliate Reports 8.6% Drop in December Comps
Tweet Send to a FriendGet Alerts MCD Hot Sheet
Price: $100.11 -0.91%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +11.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3.1%
EPS Growth %: +11.2%
Trade MCD Now!
McDonald's Corp. (NYSE: MCD) shares are indicated lower Tuesday morning following an update in one of its key regions.
McDonald's Holdings Co. (Japan) Ltd., a proprietor of McDonald's in Japan, reported comparable-restaurant sales fell 8.6 percent in December. The lower comps is the ninth report in a row of a year-over-year decline.
Factors McDonald's Holdings cited include weakness in Japan's restaurant industry as well as the company offering fewer promotions.
Despite the drop in comps, traffic fell 0.8 percent in December, a narrower drop than the 2.6 percent decline the prior month.
Shares of McDonald's are indicated lower Tuesday morning.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
McDonald's Holdings Co. (Japan) Ltd., a proprietor of McDonald's in Japan, reported comparable-restaurant sales fell 8.6 percent in December. The lower comps is the ninth report in a row of a year-over-year decline.
Factors McDonald's Holdings cited include weakness in Japan's restaurant industry as well as the company offering fewer promotions.
Despite the drop in comps, traffic fell 0.8 percent in December, a narrower drop than the 2.6 percent decline the prior month.
Shares of McDonald's are indicated lower Tuesday morning.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Intuitive Surgical (ISRG) Jury Reaches Positive Verdict in Robot Case; Shares Rise
- Short Sellers See the Light (HLF) (FSLR) (NFLX) (TLSA)
- Apple (AAPL) Turns Positive
Create E-mail Alert Related Categories
Insiders' Blog, Retail Sales
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
