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The top exec of McDonald's (MCD -0.1%) in Canada says the company will ramp up its pace of...

  • Thursday, October 25, 2012, 1:20 PM ET
    The top exec of McDonald's (MCD -0.1%) in Canada says the company will ramp up its pace of expansion in the nation after adding restaurants at a moderate clip over the last five years. The company's key rival in Canada is Tim Hortons (THI +1.1%), although fast-casual players such as Chipotle and Five Guys Burgers have made a dent in market share.
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    With so much turnover in the upper ranks of McDonald's Corp. there is no one left who remembers the self inflicted damage the company did to itself in the mid-1990s by building too many new stores and cannibalizing sales of existing stores. MCD watchers should not expect same store sales increases from the Canadian division for the next 3 or 4 years.
    25 Oct 2012, 01:34 PM Reply Like
  •  
    "Chipotle and Five Guys Burgers have made a dent in market share"

    not even in the slightest, I honestly have no idea where this statement is coming from.....these franchises have almost no presence anywhere in Canada
    25 Oct 2012, 04:46 PM Reply Like
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