McDonald's Is Growing Again
It isn't often that McDonald's (NYSE: MCD) issues mid-quarter operating updates, but this was a special occasion. The fast-food giant said on Thursday that its growth trends have materially improved over the last few months, with notable gains coming in its core U.S. market.
Sales at existing locations grew 4.6% in the quarter that ended on Sept. 30, executives revealed. That result stacks up well against the chain's 8.7% decline in the prior quarter -- not to mention the double-digit slump it endured through several months of the COVID-19 pandemic. McDonald's noted improved results across its geographies, but sales are still falling slightly on a global basis.
"Our third-quarter performance demonstrates the underlying resilience of the McDonald's brand," CEO Chris Kempczinski said in a press release.
Source Fool.com
