- McDonald's (NYSE:MCD) trades level on the day as a sales burst in parts of Europe helped the restaurant chain offset in part ongoing weakness in Asia and the U.S. during May.
- Miller Tabak thinks comp sales in Asia will be negative through Q3 as supply issues in Japan and China linger.
- The McDonald's turnaround path in the U.S. is seen by Sterne Agee CRT as roughly in-line with expectations, although other retail analysts are quick to note McDonald's continues to peel off QSR market share to rivals such as Burger King, Wendy's, Sonic, and Jack in the Box.
- Previously: McDonald's global comp -0.3% vs. -0.9% expected