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Burger brand sees positive sales trends continue into January
McDonald's Corp. ended pandemic-beleaguered 2020 with solid fourth-quarter U.S. sales and saw positive trends continue into January, executives said Thursday.
For the fourth quarter ended Dec. 31, the Chicago-based burger giant reported U.S. same-store sales were up 5.5% while global sales were down 1.3% in the period, largely due to COVID-19 restrictions amid virus surges around the globe.
Kevin Ozan, McDonald's chief financial officer, said in a post-earnings analyst call that comparable sales ran positive in October but they turned negative in November and December “as a result of the widespread resurgences and the return of government restrictions, particularly across the international operating markets.”
Those declines offset the 5.5% ...
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