McDonald’s Earnings Fall Short, Hurt By European Lockdowns, But Sees This Year’s Sales Topping 2019

McDonald’s on Thursday reported that its U.S. same-store sales jumped to 5.5% in its latest quarter, but the coronavirus pandemic is still adding costs and slowing recovery in many of its international markets.

As the fast-food giant enters 2021, it’s projecting that systemwide sales will rebound to surpass 2019 comparisons.

Shares of the company fell about 1% in premarket trading.

Here’s what the company reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Read more…..

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McDonald’s might have been able to ride out the early days of the pandemic by streamlining its offerings and dropping a few things like its breakfast menu, but even the fast food giant has suffered a few hits along the way.

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