Food 17 Jan 2007 05:54 pm
McDonald’s (MCD) boosted sales and the stock went up with them:
Brisk customer traffic both in the U.S. and abroad helped McDonald’s Corp. accelerate its robust growth in December as global same-store sales rose 7.2%. The fast-food behemoth also said Wednesday it expects fourth-quarter profit to come in ahead of Wall Street’s expectations.
Oak Brook, Ill.-based McDonald’s said same-store sales — or sales at stores open at least a year — rose by 6.3% for the fourth quarter and by 5.7% for all of 2006.
Snack Wraps (yum!), chicken sandwiches, and breakfast foods accounted for the rise in U.S. sales. Deutsche Bank’s Marc Greenberg also thinks Taco Bell’s e.coli trouble helped.
Jennifer Lopez and her husband (remember him?) had no trouble doing their part in boosting sales. They’re “lovin’ it.”