McDonald's (MCD) October Sales Fall Short of Views... Again
Tweet
Share
E-mail
Get Alerts MCD Hot Sheet
Price: $276.75 -0.05%
Overall Analyst Rating:
BUY (
Down)
Dividend Yield: 2.3%
Revenue Growth %: +4.4%
Overall Analyst Rating:
BUY (
Down)Dividend Yield: 2.3%
Revenue Growth %: +4.4%
Join SI Premium – FREE
McDonald's Corp (NYSE: MCD) is lower early Thursday after reporting that global comps in October fell 1.8%, versus expected 1.1% decline.
In the U.S. comps were down 2.2% (Est. -1.1%); Europe down 2.2% (Est. -0.7%); Asia/Pacific, Middle East and Africa down 2.4% (Est. -3%).
"Though October's sales results reflect the pervasive challenges of today's global marketplace, I am confident that our strategies and the adjustments we are making in response to the current business headwinds will build sales momentum and drive sustained, profitable growth," CEO Don Thompson said.
Shares of McDonalds last traded at $86.11, down 0.86%.
In the U.S. comps were down 2.2% (Est. -1.1%); Europe down 2.2% (Est. -0.7%); Asia/Pacific, Middle East and Africa down 2.4% (Est. -3%).
"Though October's sales results reflect the pervasive challenges of today's global marketplace, I am confident that our strategies and the adjustments we are making in response to the current business headwinds will build sales momentum and drive sustained, profitable growth," CEO Don Thompson said.
Shares of McDonalds last traded at $86.11, down 0.86%.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BTIG cautious on McDonald's (MCD) as traffic remains challenged
- Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
- BTIG Cautious on McDonald's (MCD): 'Franchise Checks Suggest Traffic Remains Challenged'
Create E-mail Alert Related Categories
Retail SalesSign 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!
