U.S. posts 11.1% comp increase, Europe hurt by austerity measures, weather
McDonald’s February global same-store sales increased 7.5 percent, driven by an 11.1-percent surge in the United States, but challenged by a 4-percent increase in Europe, where severe weather and economic challenges slowed sales trends. The McDonald’s Corp. results were met with a stock decline of 3.2 percent on Thursday, as many analysts and investors expressed caution on consumer and economic trends from abroad. McDonald’s shares closed at $96.96. Two securities analysts, ...
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