McDonald's finally catches a break
The fast-food giant will see improved year-ago comparisons soon, and growth rates from 2012 will stop looking impossible to beat.
Friday’s announcement of February same-store sales from McDonald’s (MCD) shows what the company has been up against in the last few months. Same store sales fell 1.5% in the month from February 2012. That compares to a 7.5% year over year gain in same store sales back in February 2012.Analysts had been expecting global same store sales to fall by 1.6% so the 15% decline actually looked pretty good.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. When in 2010 he started the mutual fund he manages, Jubak Global Equity Fund (JUBAX), he liquidated all his individual stock holdings and put the money into the fund. The fund may or may not own positions in any stock mentioned. The fund did not own shares of McDonalds as of the end of September. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here. MORE ON MSN MONEY
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