Someone needs to tell McDonald’s (MCD) that there is a recession. The company posted remarkable same-store sales again in February.
After making an adjustment for the different number of days in the month this year and last, MCD comparable sales were positive for all segments and global comparable sales were up approximately 5.4%.
U.S. numbers increased by 6.8% on the same basis.
It seems people will still go out to eat if the food is cheap enough.
Douglas A. McIntyre
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