Retailers, consumers and prices
Check Out Line: One view on McDonald’s US sales
Check out a bullish view on McDonald’s June same-store sales.
Janney Montgomery Scott analyst Mark Kalinowski raised his forecast for U.S. same-store sales at the hamburger chain to an increase of 4.6 percent from an increase of 2.4 percent.
His revised forecast is based on his survey of 30 McDonald’s franchisees, representing 215 restaurants.
The survey also led Kalinowski to raise his July same-store sales forecast to a 4.4 percent increase from a 2 percent increase, Kalinowski said in a research note.
McDonald’s has been adding menu items likes coffee drinks, frappes and smoothies and promoting Angus burgers. The coffee drinks, especially, have helped the company perform better than other fast-food restaurants recently.
Kalinowski also noted that McDonald’s comparisons in the United States get easier later this year.
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