McDonald’s (MCD) Misses on U.S., Global Sales
Shares of the McDonaldâ s Corp. (MCD) declined -1.08 or -1.12 percent to close at $95.72 per share on Monday, after the company reported another month of sluggish sales at their established U.S. restaurants. The November results have investors worried the hamburger franchise is losing market share to competitors in the United States.
Comparable sales for U.S. restaurants dropped -0.8 percent in November, compared to a +2.5 percent rate of growth for the same period one year ago, analysts were expecting an increase of +0.3 percent. Global comparable sales were up +0.5 percent, versus an expected rise of +0.6%.
Oak Brook, Illinois based McDonaldâ s Corp. is the worldâ s largest chain of fast food hamburger restaurants. With about 70 million customers eating at their restaurants worldwide, the company racked up profits of $5.5 billion on $27.5 billion in annual revenue in 2012. The company licenses franchises and affiliate ownership collecting rent, fees and royalties paid by the franchisees. To own a franchise, in addition to a large capital outlay, franchisees must attend intensive courses at â
Published on Dec 10, 2013
By Jay Hawk