A Not-So-Happy Month: McDonald's Sales Miss in February |
Fox Business - Mar 8, 2012 |
McDonald's Corp (MCD: 96.91, -3.27, -3.26%) on Thursday reported global February sales at established restaurants that missed Wall Street's target, primarily on European weakness, and warned that economic uncertainty could hamper profit growth, sending shares down more than 3 percent.
The results showed that the world's biggest hamburger chain, which has outperformed most of its peers despite economic turmoil around the world, is not immune to economic belt-tightening in Europe and higher food and labor costs in the United States.
"These challenges are expected to impact the company's first-quarter operating income growth," McDonald's said in a statement.
"I was not expecting to read that sentence in this report," Victory Capital Management analyst Dave Kolpak said.
Read Full Article from Fox Business
- Posted: 2012-03-08 13:26:53
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