McDonald's (MCD) falls in early trading after the restaurant chain sees the impact of price increases and a positive mix in the U.S. dwarfed by weaker traffic trends.
As one of the first reads on the fast-food industry for November, there could be some debate on if McDonald's lost market share in the U.S. or if the whole sector is being pulled down by cautious consumers.
On watch: Burger chains BKW, WEN, SONC, JACK could see extra volatility due to the poor performance of McDonald's in the U.S. Starbucks (SBUX), Chipotle (CMG), and Panera Bread (PNRA) will also be watched as their performance over the same November period could trail analysts estimates with Black Friday shopping more restrained this year.
MCD -0.6% premarket.
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