Fast-Food Sales Set to Slow - Analysts
The heady growth that has characterized fast-food sales in the past year may be headed back to earth, leveled by tough comparisons and consumer belt-tightening, analysts said on Thursday.
McDonald's Corp. (NYSE:MCD), the largest restaurant company and a bellwether for fast-food stocks, saw May sales growth at comparable U.S. stores slow to 7.9 percent from increases in recent months that often reached the double-digits.
The company is now a victim of its own strong numbers a year ago when its turnaround began in earnest.
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The company is now a victim of its own strong numbers a year ago when its turnaround began in earnest.
External Source - For the complete article click here
