Joined Nov 11, 2007
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$MCD Same Store Sales Rise 3.3%, Second Quarter Profits Challenged by Slow Growth

“NEW YORK (AP) — McDonald’s Corp. says strength in the U.S. and Europe drove up a key revenue figure in May, but noted that ongoing economic volatility around the world is pressuring its second-quarter results.

The fast-food chain, based in Oak Brook, Ill., also warned that foreign currency translations are now expected to hurt second-quarter earnings by 7 cents per share to 9 cents per share.

Shares of McDonald’s fell $2.40 to $88.38 in premarket trading.”

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