McDonald's (MCD) Succombs Global Restaurant Count Crown to Subway
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Price: $264.95 -1.48%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +4.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +4.7%
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McDonald's Corp. (NYSE: MCD) shares are trading a little lower today, following data from the Wall Street Journal showing that Subway has opened more global restaurant's than the long-time American burger staple.
WSJ notes that Subway has 33,749 restaurants world-wide, compared to 32,737 for McDonald's. McDonald's disclosed their number of open restaurants in an SEC filing late last month.
A McDonald's spokesperson said that MCD is committed to their customers, focused on getting better, not just bigger. Shares are just about flat this afternoon.
WSJ notes that Subway has 33,749 restaurants world-wide, compared to 32,737 for McDonald's. McDonald's disclosed their number of open restaurants in an SEC filing late last month.
A McDonald's spokesperson said that MCD is committed to their customers, focused on getting better, not just bigger. Shares are just about flat this afternoon.
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