Mcdonald’s Stock Continues to Rise
MCDONALD'S STOCK IS ON FIRE, JUMPING 2% AFTER THE COMPANY EXCEEDED REVENUE FORECASTS
(CNN) – Wall Street investors are definitely lovin’ their McDonald’s stock.
The burger giant’s stock price climbed nearly two percent on Tuesday after m=Mickey D’s exceeded revenue forecasts.
The jump was largely fueled by a sharp six percent increase to same store sales over last year.
CEO Steve Easterbrook’s strategy of embracing technology and revamping the restaurant’s menu seems to be working.
Hungry customers can now pay for Big Mac’s at kiosks or having them delivered through Uber eats.
Pickier eaters have a wider selection of high-end signature sandwiches; while budget-minded diners can drink one dollar sodas and pick two menu items for five dollars.
McDonald’s shares are up a whopping 36% for the year and rose 70% since Easterbrook took over in 2015.