What’s Got Ronald McDonald Down?
McDonald’s (NYSE:MCD) same-store sales rose 3.1% in May around the world. European sales increased 2.3% and sales in Asia/Pacific, the Middle East, and Africa (APMEA) increased 4.3%, but the fattest nation on Earth failed to come through, with U.S. sales rising only 2.4% instead of the projected 2.8% rise. APMEA sales, on the other hand, were well above estimates of a 3.4% rise.
McDonald’s shares are down 1.59% so far this morning in pre-market trading. Shares were valued at $81.14 at close yesterday and are currently down to $79.85 a share.