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    McDonald's April Sales Disappoint

    Tue, 05/08/2012 - 08:27 EDT - WSJ Europe
    • PAID
    • RDF10

    McDonald's global same-store sales rose a smaller-than-expected 3.3% in April as the world's largest fast-food chain wrestles with a challenging global economic environment.

    • Original article
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      McDonald's global same-store sales rose a smaller-than-expected 3.3% in April as the world's largest fast-food chain wrestles with a challenging global economic environment.

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      By John Mylant: McDonald's (MCD) has been in a bearish descent since mid January of 2012, when it peaked. It was in a nice pattern until early May. This move was a reaction to the whole market and the news at the time, so it did not warrant such an extreme case. This gives us an opportunity to play a bounce back.

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