Forbes.com: Latest Headlines - Mar 08, 2010McDonald's Corporation (MCD)
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John Glass
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Morgan StanleyEuropean sales climbed 5.4% with strong growth in France and the U. K, while U. S sales were up 0.6% in February, after a 0.7% slip in January. Citi analyst Gregory Badishkanian noted that adverse weather in the U. S led to softer than expected domestic growth, but adds that "the heavily franchised nature" of
McDonald's puts the company in a "strong financial position with steady cash flow streams and solid margins and returns.".
Morgan Stanley's John Glass was similarly positive on the company as he believes McDonald's stands to gain market share in the U. S., with the McCafe program slated to roll out new frappes and smoothies through the spring and summer. According to the company, domestic sales were boosted by Olympics promotional items like the Olympic themed Chicken McNugget deal, McCafe beverages and the Breakfast Dollar Menu. On news of the same store sales jump, shares of
McDonald's climbed $1.45, or 2.3%, to $65.12 in Monday trading, to trade among the leaders on the Dow Jones industrial average in an otherwise lackluster session
Share:
European sales climbed 5.4% with strong growth in France and the U. K, while U. S sales were up 0.6% in February, after a 0.7% slip in January. Citi analyst Gregory Badishkanian noted that adverse weather in the U. S led to softer than expected domestic growth, but adds that "the heavily franchised nature" of <span class="company">McDonald</span>'s puts the company in a "strong financial position with steady cash flow streams and solid margins and returns.".<span class="sent"> Morgan Stanley's <span class="analyst">John Glass</span> was similarly positive on the company as he believes <span class="company">McDonald</span>'s stands to gain market share in the U. S., with the McCafe program slated to roll out new frappes and smoothies through the spring and summer.</span> According to the company, domestic sales were boosted by Olympics promotional items like the Olympic themed Chicken McNugget deal, McCafe beverages and the Breakfast Dollar Menu. On news of the same store sales jump, shares of <span class="company">McDonald</span>'s climbed $1.45, or 2.3%, to $65.12 in Monday trading, to trade among the leaders on the Dow Jones industrial average in an otherwise lackluster session....European sales climbed 5.4% with strong growth in France and the U. K, while U. S sales were up 0.6% in February, after a 0.7% slip in January. Citi analyst Gregory Badishkanian noted that adverse weather in the U. S led to softer than expected domestic growth, but adds that "the heavily franchised nature" of <span class="com
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