Slow Economy Leads to More Folks Eating at McDonalds

by Jeff Davis
A Fox News article reports: “McDonald’s said Thursday that global sales for restaurants open at least one year rose 7.4 percent in November from a year ago, far above expectations. Analysts were expecting a 4.9 percent rise in same-store sales, according to Dow Jones Newswires.
“In the US, comparable sales rose 6.5 percent on higher breakfast demand, the seasonal Peppermint Mocha and a Chicken McNuggets promotion, the fast-food chain said. In Europe, November same-store sales rose 6.5 percent, driven by performance in the UK, France, Russia and Germany. Comparable sales in the Asia-Pacific region, Middle East and Africa increased 8.1 percent in November, led by Japan and China. Shares of McDonald’s rose 1.6 percent early Thursday to $97.95.”
Individuals and families that used to go out for breakfast or their weekly restaurant meal are no longer going to Denny’s, Chili’s or Applebee’s . It seems that eating at Mickey D’s now constitutes a “night out.” (more…)









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