McDonald’s Improving Global Sales Help To Offset US Weakness
Improving international sales helped McDonald’s overcome some weakness at home in the fourth quarter, but the company said it expects U.S. sales to pick up later this year. McDonald’s said its sales are continuing to recover from an E. coli outbreak last fall tied to its Quarter Pounder hamburgers. The Chicago burger giant said it’s also struggling to get low-income consumers back into its stores despite expanding discounts. McDonald’s U.S. same-store sales, or sales at locations open at least a year, fell 1.4% in the fourth quarter. On a conference call with investors ...