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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.
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.
The company reported global same-store sales rose 11.7%, more than the 9.4% expected by analysts. US same-store sales rose 10.3%, more than the 9.1% forecast by Wall Street.
The McDonald's brothers opened their first McDonald's restaurant on May 15, 1940 in San Bernardino, California. Originally, a carhop drive-in system was used to serve customers. The initial menu items were centered around barbecue and the first name the brothers used for their business was "McDonald's Famous Barbecue."
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% ...
McDonald’s U.S. same-store sales, or sales at locations open at least a year, fell 1.4% in the fourth quarter. McDonald's improving global sales help to offset US weakness in fourth quarter Skip ...
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.
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