McDonald's Feb Global Same-restaurant Sales Down 1.7%, Shares Fall

MarketWatch Pulse

McDonald's Corp. shares fell 1.3% in premarket trade Monday, after the fast-food giant reported another decline in monthly same-restaurant sales. McDonald's said global same-restaurant sales fell 1.7% in February, weighed down by a 4.4% slump in Asia/Pacific, Middle East and Africa, and a 4.0% slide in the U.S. Europe fared better with a 0.7% gain, as a positive performance in the U.K. and Germany offset weakness in Russia. "McDonald's current performance reflects the urgent need to evolve with today's consumers, reset strategic priorities and restore business momentum," the company said in a statement. Shares have gained 6.3% in the last three months, outperforming the Dow Jones Industrial Average, which has gained 0.3%.

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