AI
Monday, July 23, 2012 12:41:48 PM
McDonald's 2Q results lower than expected
Shares fell 3 percent, to $88.81, after the world's largest fast-food chain operator said higher costs and the drag from the U.S. dollar conspired with softening consumer demand to hurt business.
The McDonald's results came days after Chipotle Mexican Grill Inc. surprised investors by saying the sluggish U.S. economy had cooled same-restaurant sales growth, adding to concerns about how much consumers were cutting back on discretionary spending.
Shares fell 3 percent, to $88.81, after the world's largest fast-food chain operator said higher costs and the drag from the U.S. dollar conspired with softening consumer demand to hurt business.
The McDonald's results came days after Chipotle Mexican Grill Inc. surprised investors by saying the sluggish U.S. economy had cooled same-restaurant sales growth, adding to concerns about how much consumers were cutting back on discretionary spending.
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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