ADVFN - Advanced Financial Network.
HOME» NYSE » M » MCD Stock Price » MCD Stock News

Mcdonalds Share News

 Mcdonalds Corp Stock Price
MCD Stock Price
 Mcdonalds Corp Stock Chart
MCD Stock Chart
 Mcdonalds Corp Stock News
MCD Stock News
 Mcdonalds Corp Company Information
MCD Company Information
 Mcdonalds Corp Stock Trades
MCD Stock Trades

McDonald's May Same-Store Sales Growth Slows To 3.3%

By Melodie Warner McDonald's Corp.'s (MCD) global same-store sales rose a slower-than-expected 3.3% in May as austerity measures in Europe pressured the world's largest fast-food chain's results. Shares were recently trading 2.8% lower at $85.95 premarket as Baird Equity Research was expecting a 4.5% increase in global sales from restaurants open at least 13 months. The stock is down 12% since the beginning of the year, through Thursday's close. McDonald's has been able to boost guest traffic and sales faster than most of its competitors with its increasingly diverse menu--ranging from value-price offerings to higher-margin products like blended-ice drinks--and its growing global operations. But the hamburger chain has previously warned the global economic climate remains challenging with varying degrees of consumer confidence, economic pressures and inflationary costs. The headwinds also contributed to the company missing April sales-growth estimates. "Despite the increasingly challenging global economic environment," Chief Executive Jim Skinner said, "I am confident we will continue to deliver long-term sustainable growth." McDonald's on Friday said May systemwide sales rose 1.2%, or 5.6% in constant currencies. Same-store sales in the U.S. rose 4.4%, missing the 5% growth estimate from Baird. The company attributed its growth to the launch of its seasonal Blueberry Banana Nut Oatmeal and continuing demand for its breakfast items. In Europe, same-store sales grew 2.9%, just short of Baird's forecast for a 3% increase, driven by premium menu options, everyday value offerings and the ongoing benefits of reimaging. The Asia/Pacific, Middle East and Africa region posted a 1.7% decrease, while analysts projected a 2% rise. McDonald's said positive results in Australia were more than offset by negative results in Japan and, to a lesser extent, China. McDonald's reported in April its first-quarter earnings rose 4.8% as sales grew slightly faster than expected, signaling the company's resilience against broader economic woes. Write to Melodie Warner at melodie.warner@dowjones.com

Stock News for Mcdonalds (MCD)
DateTimeHeadline
05/28/201521:34:30Scandal in World Soccer Pressures Sponsors
05/28/201517:22:43Bob Evans Seeks to Monetize Properties
05/28/201515:00:023 Stocks to Watch in Fast Casual
05/28/201505:16:44Novozymes, Adisseo Enter Animal Probiotics Pact -- Update
05/27/201515:52:50Current Report Filing (8-k)
05/27/201515:20:27McDonald's to Stop Reporting Monthly Sales Data
05/27/201511:23:16McDonald's CEO Says Turnaround Effort Involves Many Little Things
05/27/201508:25:02Forget McDonaldâs And Chipotle Mexican Grill, Buy This Stock I...
05/26/201517:30:22Current Report Filing (8-k)
05/24/201511:20:03McDonald's Delivery Service Could Be A Huge Opportunity
05/24/201511:10:02The Best Stocks for Investing in Banks
05/22/201504:50:05Bird Flu Outbreak Decimates Egg Supply
05/21/201516:30:00McDonald's Announces Quarterly Cash Dividend
05/20/201520:00:02Better Buy Now: Chipotle Mexican Grill Inc. or McDonald's Corporation?
05/20/201512:50:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201512:46:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201512:41:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201519:00:15Tim Cook is Making His Mark on Apple
05/19/201516:00:16The Best Business Model for Restaurants

Mcdonalds and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad