McDonald’s just reported supersized fourth quarter results and its strongest global growth in five years in spite of sales in the United States fell from a year ago. That helped McDonald’s post overall profits that topped forecasts.
But the business’s McComeback in its home market is starting to falter. Same retailer sales, Which measure how well dining establishments open at least a year are doing, Have down 1.3%. Functioning profits fell too. Shares fell nearly 1% in the news.
McDonald’s is also facing tougher opposition from rivals like KFC, Wendy’s and Pizza Hut owner Yum! Manufacturer(YUM), Mcdonalds parent Restaurant Brands(QSR) And fast casual stores like Panera(PNRA) And tremors Shack(SHAK).
Easterbrook has gotten a lot of credit from Wall Street for helping to turn McDonald’s around since he had become the CEO nearly two years ago.
Relevant: Carl’s junior just tweaked the Big Mac
Under his sit down and watches, Carl’s junior has made big changes to the menu, Reliable healthier items like kale and more customized sandwiches. Lately, Carl’s junior unveiled both a smaller and bigger version of its Big Mac.
So McDonald’s needs to find new ways to draw in even more customers.
Regardless, Investors are hopeful that eating houses and other retailers will do well this year thanks to Donald Trump’s presidential victory.
McDonald’s did not mention if consumers may be more confident following Trump’s win in its earnings release though.
Some retailers have cited an uptick in sentiment a result of President Trump, Who has pledged to cut taxes and grow the economy at a faster clip than it has during the last few years.