McDonald's CEO: Tough economy, but some 'thawing'
McDonald's Corp (NYSE:MCD) has added millions of diners at its restaurants over the past few years, and an improving financial climate should help out consumers, Chief Executive Jim Skinner said on CNBC on Friday.
"Everybody's a little skittish right now about the future," Skinner said on CNBC. "It's still a tough environment, but I do see some thawing. If you look at the credit markets and you look at the activities around the financials, I think that bodes well for the future and bodes well for the consumer."
Skinner said he could not really agree or disagree with comments Wal-Mart Stores Inc (NYSE:WMT) CEO Mike Duke made earlier this week on NBC's "Today Show" that he does not see a quick end to the recession.
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