McDonald’s Signals Weak Q4 Global Established Restaurant Sales and 2 Other Dow Movers to Watch
McDonald’s Corp. (NYSE:MCD): Current price $94.49
On Monday, the fast food behemoth warned that worldwide sales at established restaurants would be relatively flat in October, and also that weakness would continue in the fourth quarter, placing some sizable pressure on its Chief Executive Don Thompson. The CE has been at the top for over a year, and has shaken up management and menus to drive sales and profits while the chain remains beset by lackluster economic growth and intense rivalry. McDonald’s has posted four consecutive quarters of disappointing sales, according to Hedgeye Risk Management restaurant analyst Howard Penney on Twitter.