McDonald’s growth slows
From Times Wire Services
McDonald’s Corp., the world’s largest restaurant company, said quarterly profit growth slowed and December’s U.S. same-store sales were unchanged, the worst monthly result in almost five years.
McDonald’s, based in Oak Brook, Ill., said fourth-quarter net income was $1.27 billion, or $1.06 a share, compared with $1.24 billion, or $1, a year earlier. Quarterly sales rose 6% to $5.75 billion.
Same-store sales, a key performance measure, rose 3.3% in the quarter in the U.S. but were flat for the last month, which concerned traders.
McDonald’s shares dropped $3.03 to $51.07.
