McDonald's: What Can Investors Take Home From The Latest Earnings Release?
- McDonald's reported lower earnings for the third quarter on the back of extraordinary items that appear to be transient in nature.
- The company's sales continue to slump, with global and U.S. same-store sales both down by 3.3% for the quarter. However, management acknowledges this problem and is working to address it.
- While the effectiveness of management's new strategy remains to be seen, a pullback of the stock price by around 10% would make for a very attractive entry point.