It’s not doing its usual insane growth, but Mickey D’s isn’t losing money, either:
NEW YORK/LOS ANGELES (Reuters) – McDonald’s Corp reported a quarterly profit that handily topped Wall Street estimates, but said it saw growth in some overseas markets soften as a U.S.-led recession went global.
Shares of the world’s largest hamburger chain were down 0.5 percent in afternoon trade after falling as much as 2.6 percent earlier in the session.
McDonald’s posted a 5.8 percent rise in worldwide December sales at restaurants open at least 13 months.
The results are still ahead of most other restaurant operators, but mark a slowdown from the company’s own November and October results, when McDonald’s said same-store sales rose 7.7 percent and 8.2 percent, respectively.