McDonald's Surmounts The Weak Economy: U.S. And Euro Sales Up 6.5% |
Forbes - Dec 8, 2011 |
McDonald’s released its November sales numbers on Thursday showing strong growth across the system and beating analyst expectations.
One of the world’s largest restaurant chains, McDonald’s saw sales in stores open at least 13 months jump 7.4% from the same period a year ago, well above the 4.6% expected by analysts. With a market capitalization above $100 billion and restaurants in over 117 countries, McDonald’s provides investors with a view of the state of the global corporation and consumer.
McDonald’s biggest market, Europe, performed well at a time of market stress and contracting GDP. Same store sales were up 6.5% in November, compared with Wall Street analysts’ consensus estimate of 3.8%. Europe makes up more than 40% of the company’s revenues, having raked in $8.2 billion in the nine months to September 30.
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- Posted: 2011-12-08 12:14:24
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