By DEE-ANN DURBIN, AP Enterprise Author
McDonald’s ended 2020 on a powerful be aware, recovering practically the entire world gross sales misplaced within the pandemic regardless of a resurgent virus.
U.S. gross sales had been an enormous contributor, pumped up by new menu gadgets like spicy Rooster McNuggets and movie star collaborations. U.S. same-store gross sales rose 5.5% within the October-December interval.
Ssame-store gross sales __ or gross sales at places open at the very least a yr __ had been down simply 1.3% worldwide within the quarter regardless of retailer closures in Italy, Spain and Germany. Gross sales moved into optimistic territory in key markets, together with the UK.
Internet revenue fell 12% to $1.4 billion for the fourth quarter. Adjusted for one-time gadgets, the Chicago quick meals big earned $1.70 per share. That was in need of Wall Road’s expectation of $1.77, in response to analysts polled by FactSet.
McDonald’s income fell 2% to $5.3 billion, additionally in need of Wall Road’s expectations.
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