McDonald's falls after global comparable sales stay negative
- McDonald's (NYSE:MCD) reports global comparable sales fell 1.3% during Q4 in a sequential improvement. The 1.3% decline matched the consensus expectation.
- U.S. comparable sales were up 5.5% vs. +5.2% consensus. International operated segment comparable sales fell 7.4% vs. -6.0% consensus and international developmental licensed comparable sales were off 3.6% vs. -5.6% consensus.
- "By investing for the future and leveraging competitive strengths within our Accelerating the Arches strategy in drive-thru, delivery, and our growing digital presence, we're confident we can continue to capture market share and drive long-term sustainable growth for all stakeholders," says CEO Chris Kempczinski.
- Shares of MCD are down 1.23% premarket to $204.45 after the double earnings miss.