4 Catalysts for McDonald's
After missing revenue and earnings expectations and disappointing the Street when it reported third-quarter results in late October, McDonald's (NYSE: MCD) might have left investors unfamiliar with the company to conclude that it's struggling. But this view is far from reality. In Q3, comparable-store sales jumped 5.8% as systemwide sales rose 7% in constant currency. High expectations, not subpar execution, were the primary culprit of McDonald's worse-than-expected third quarter.
Beneath the surface of the fast-food company's third-quarter top- and bottom-line miss was more strong execution and further progress on key initiatives bringing the fast-food company into the future.
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Source Fool.com
