McDonald’s improving global sales help to offset US weakness in fourth quarter
- McDonald’s faced a 1.4% decline in same-store sales in the U.S. During the fourth quarter due to an E. Coli outbreak affecting demand, as reported by the company.
- International same-store sales rose 4.1%, driven by growth in the Middle East and Japan, according to McDonald’s.
- Overall global same-store sales increased by 0.4%, defying expectations of a decline, as stated in a Visible Alpha poll of analysts.
- Fourth-Quarter revenue fell to $6.38 billion, below the expected $6.45 billion, with net income also down by 1% to $2.01 billion, according to analysts.
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Total News Sources51
Leaning Left9Leaning Right7Center11Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 33%
C 41%
R 26%
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