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Analyst pares back 4Q sales estimate after survey
McDonald’s Corp. franchisees expect the chain’s new $1 $2 $3 value menu to lift same-store sales in fiscal 2018, but a recent survey has led a Nomura Instinet analyst to shave half a percentage point off his fourth-quarter 2017 U.S. same-store sales forecast.
Nomura Instinet analyst Mark Kalinowski said Tuesday that a franchisee survey indicated that McDonald’s U.S. same-store sales would be 4 percent for the fourth quarter. Oak Brook, Ill.-based McDonald’s is expected to report quarterly earnings before the market opens on Jan. 30.
“While McDonald’s U.S. business likely outperformed many of its quick-service counterparts during Q4 in terms of same-store sales growth, perhaps consensus expectations for this key business segment may have g...
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