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The first drop in comparable sales for McDonald's (MCD) since 2003 has traders buzzing,...

The first drop in comparable sales for McDonald's (MCD) since 2003 has traders buzzing, especially with Wendy's cruising along in positive territory with its own sales. Retail analyst Howard Penney thinks the company is a bit nonchalant about the global erosion of sales, while CNBC's Carl Quintanilla notes the report is like "watching a giant fall to one knee." Shares of McDonald's are only down 0.8% premarket with the sales slump well-telegraphed by the company.
Comments (12)
  • Lakeaffect
    , contributor
    Comments (986) | Send Message
     
    This will turn around soon enough. The continual erosion of purchasing power and declining real wages, MCD will be one of the few places people can afford to take their family out for a meal. Plus, one can use food stamps there.
    8 Nov 2012, 08:39 AM Reply Like
  • chopchop0
    , contributor
    Comments (3148) | Send Message
     
    Hard to imagine you're actually right about this, but you are.... Sad

     

    http://abcn.ws/UbiyHe
    8 Nov 2012, 08:59 AM Reply Like
  • salvaaj
    , contributor
    Comments (56) | Send Message
     
    I am long MCD and not worried at all. Excellent management and branding. Short term headwinds is all.

     

    Cheers.
    8 Nov 2012, 09:20 AM Reply Like
  • Financial Insights
    , contributor
    Comments (945) | Send Message
     
    Come on. Perpetual growth is impossible. Especially when MCD is everywhere already. Classic scare tactic by MSM.
    8 Nov 2012, 09:22 AM Reply Like
  • Groundhog666
    , contributor
    Comments (8) | Send Message
     
    You got to eat and MCD offers cheap filling meals. I'd buy it here.
    8 Nov 2012, 09:34 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10203) | Send Message
     
    Well their prices are starting to equal what you can now order at a Friendlys which is more healthier for us.

     

    Plus where are we rushing to anywhere>>
    8 Nov 2012, 12:49 PM Reply Like
  • MrVincent
    , contributor
    Comments (231) | Send Message
     
    The older I get, the nastier that food tastes.

     

    If I want a burger, I will either make it myself, or go somewhere else.
    8 Nov 2012, 12:52 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10203) | Send Message
     
    I might add i like Burger King better anyway. I agree the food has either been downgraded in quality or i just can't handle eating it annymore...

     

    Plus my local one , the food is always cold and the order is always screwed up . I just ask for extra pickles to try and get a hot burger.

     

    Thats a problem for a few years now, and IF we have to eat fast food we try to avoid them anyway. Like i said they ain't cheap anymore..

     

    If you need a debit card machine you know its prices have gone up !!
    8 Nov 2012, 12:56 PM Reply Like
  • Petrarch
    , contributor
    Comments (648) | Send Message
     
    welcome to the Obama economy
    where MCD is a luxury item
    wait for the fast food tax
    you know that's coming

     

    enjoy the next 4 years

     

    P

     

    Don't blame me I voted for Romney
    8 Nov 2012, 01:24 PM Reply Like
  • borkner
    , contributor
    Comments (80) | Send Message
     
    I agree, if everything ins becoming sooo social, there will be no one left to pay for all this.
    9 Nov 2012, 05:18 AM Reply Like
  • tomlos
    , contributor
    Comments (1099) | Send Message
     
    All of these bears on MCD, this is one of the best management teams out there, they have a LOT of ground to cover around the world, and when the economy picks up as will MCD, otherwise, their menu will be appetizing to a LOT of people who can't afford otherwise. Until then, I will ride the great dividend. This is one of those back the truck up moments and load up.
    8 Nov 2012, 02:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10203) | Send Message
     
    My wife was a manager of Micky D'S years ago and she said they changed their method of cooking. However she says they still have the best specialty drinks...But paying close to $20 bucks for 2 for dinner at a fast food place is crazy..

     

    I am heading to Friendlys from now on anyway...
    8 Nov 2012, 02:21 PM Reply Like
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