McDonald’s (MCD) and Wal-Mart (WMT) may be the only retailers in the country who are doing extraordinarily well. The reason may be simple. What they sell is cheap and, in the case of MCD, if the food does not kill customers, it will keep them filed up straight through the recession.
In October, global comparable sales rose 8.2%.
U.S. comparable sales increased 5.3% to some extent to the continued popularity of McDonald’s Monopoly game. What a way to sell food.
In Europe, strong performance in the U.K., France and Russia and positive results in nearly all other markets drove a comparable sales increase of 9.8%. Monopoly may not sell in Europe but inexpensive hamburgers do.
Comparable sales were up 11.5% in Asia/Pacific, Middle East and Africa.
Douglas A. McIntyre
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
McDonald’s (MCD) and Wal-Mart (WMT) may be the only retailers in the country who are doing extraordinarily well. The reason may be simple. What they sell is cheap and, in the case of MCD, if the food does not kill customers, it will keep them filed up straight through the recession.