McDonald's Corp.'s (MCD) global same-store sales grew 0.5%
in October, with results in the U.S. and Europe offsetting weakness in Asia.
McDonald's, the world's largest fast-food company, last month predicted global
same-store sales for October to be relatively flat, despite what should have
been an easy comparison from a year ago, when the company reported its first
monthly same-store sales decline in nine years.
The company continues to struggle with a soft global economy
that has caused consumers to pull back on restaurant spending. McDonald's and
several of its rivals have tried to improve their results by focusing on
cheaper food options.The chain has looked to roll out a Dollar Menu & More
lineup in the U.S. that includes its standard dollar items as well as products
priced at $2 and $5. Some of its higher-priced products haven't sold well,
including the $4 Angus burgers the chain pulled from its menu recently. Read more.
No comments:
Post a Comment