Business
McDonald’s bounces back to growth
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
McDonald’s Corp (NYSE: MCD) just closed the books on a forgettable year for the business. COVID-19 continued to sink customer traffic across its global portfolio of stores through the end of 2020, the fast-food giant said in its recent earnings report.
Yet McDonald’s notched a few wins that point to a better 2021 ahead, assuming the pandemic threat fades over the next few months.
Let’s take a closer look.
Growing in the US
McDonald’s steady rebound continued in the three months that ended in late December. Comparable-store sales were down just 1% globally, compared to a 2% drop last quarter and a 25% slump in…
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