McDonald's Stock Has Never Been Higher As China Push Begins

By Jeremy BowmanMarketsFool.com

McDonald's Corporation is growing again.

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The company released an ambitious growth plan for Asia last week after closing more stores than it opened in the U.S. for the first time in over 40 years last year. At the time, the net closures seemed to symbolize a giant in retreat, especially at a time when McDonald's (NYSE:MCD) comparable sales at home had fallen for six quarters in a row.

A year later, things have changed. U.S. comps were up 5.7% in the fourth quarter on the strength of the all-day breakfast launch, and the fast food titan is planting its growth flag firmly once again, this time in China.