McDonald’s Corporation (NYSE:MCD): Current Price $95.32
McDonald’s Corporation (NYSE:MCD) says global comparable sales were down 1.9% in the month of January. Segment wise, comparable sales in the US were up 0.9%, down 2.1% in Europe and declined 9.5% in the Asia Pacific Middle East and Africa region (APMEA). “While January’s results reflect today’s challenging environment and difficult prior year comparisons, I am confident that our unwavering commitment to delivering an exceptional restaurant experience will enhance our brand’s relevance and drive long-term results,” said McDonald’s President and Chief Executive Officer Don Thompson. The fall in the APMEA region is primarily attributed to a weak Japanese market, the changed time of the Chinese New Year this year and consumer reaction in China to the chicken industry supply chain issue.