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Year-to-date McDonald's stock is up more than 10% against a 7% gain for the S&P 500. ... Same-store sales in McDonald's international markets also rose 12.6% during the quarter.
Earlier this year, McDonald's shared plans to open 1,900 new locations this year, its largest initiative move since 2014. In the US, McDonald's said sales "benefited from strategic menu price ...
For the full fiscal year, sales in the US jumped 8.7%. In its internationally operated markets, Q4 same-store sales increased 4.4%, down from the 12.6% growth McDonald's saw a year ago.
After three years of exceptional sales growth, McDonald's appears to be returning to Earth. The Chicago burger giant said Monday it expects its same-store sales — or sales at locations open at least a year — to rise 3% to 4% this year, which is in line with historical averages.
Global same-store sales growth was 1.9% year over year, compared to the 2.33% jump that Wall Street was hoping for. That's also far lower than the 12.6% increase seen in 2023 Q1.
McDonald's beat expectations for its third quarter results as the burger chain continues to investigate an E. coli outbreak.On Tuesday morning, the company posted revenue of $6.87 billion, up 3% ...
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Comps surged to new highs in the second quarter, but it was due to higher prices and product mix, not more customers coming to the restaurant.