More People Going To McDonald’s

MCDONALD'S ANNOUNCES INCREASES TO ITS GLOBAL SALES AND NUMBER OF STORE VISITS

(CNN) – McDonald’s customers are lovin’ it these days.

The burger giant announced Wednesday its global comparable sales grew 4.4% over the last three months.

During the same period, U.S. sales rose 2.3%.

The CEO of Mickey D’s credits efforts that began in 2017 to beef up digital capabilities, modernize stores and introduced delivery.

Even though store visits grew over the last two years, revenue fell in 2018 because of re-franchising costs.

Those are costs incurred from turning corporately owned locations into franchised restaurants.

Investors also think it’s a good time for the great taste.

McDonald’s stock didn’t move much on the news Wednesday, but it’s trading more than 45% higher than it was two years ago.

Categories: Business