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
08/04/201518:56:23McDonald's Names Executives With Health-Care Ties to Its Board
08/04/201515:46:11Statement of Changes in Beneficial Ownership (4)
07/28/201511:21:43Statement of Changes in Beneficial Ownership (4)
07/27/201509:28:17Restaurant Brands Profit Up on Burger King, Tim Hortons Sales...
07/23/201513:37:05McDonald's Reports Weak U.S. Sales -- 3rd Update
07/23/201511:29:35McDonald's Reports Weak U.S. Sales -- 2nd Update
07/23/201509:08:33McDonald's Reports Weak U.S. Sales -- Update
07/23/201509:00:06McDonald's Reports Weak U.S. Sales
07/23/201508:46:24McDonald's Reports Weak U.S. Sales
07/23/201508:04:31Current Report Filing (8-k)
07/23/201507:58:00McDonald's Reports Second Quarter 2015 Results
07/21/201520:03:32McDonald's Could Offer All-Day Breakfast Nationwide in October...
07/21/201518:15:06McDonald's Could Offer All-Day Breakfast Nationwide in October...
07/21/201518:10:07McDonald's Could Offer All-Day Breakfast in October
07/21/201517:56:19McDonald's Could Offer All-Day Breakfast Nationwide in October
07/21/201516:27:46Current Report Filing (8-k)
07/20/201518:00:31Shake Shack Stockholders to Sell at Least 4 Million Shares
07/17/201517:29:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/17/201517:09:57Automatic Shelf Registration Statement of Securities of Well-known...
07/17/201512:56:31Current Report Filing (8-k)

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