Reported about 21 hours ago
McDonald's reported fourth quarter earnings that fell below expectations, with revenue of $6.39 billion and adjusted earnings per share of $2.80. Despite a global same-store sales increase of 0.4%, U.S. sales dropped by 1.4%, largely impacted by an E. coli outbreak. Analyst Nick Setyan from Wedbush indicated that the rebound for McDonald's stock in Q1 remains uncertain, attributing this to weather conditions and the lack of significant sales growth through the McValue menu.
Source: YAHOO