McDonald’s Profit Little Changed as U.S. Store Sales Decl
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McDonald’s Corp., the world’s largest restaurant chain, posted fourth-quarter profit that was little changed from a year earlier as U.S. same-store sales fell amid shaky consumer confidence and increased competition.
Net income was about $1.4 billion, or $1.40 a share, compared with $1.4 billion, or $1.38, a year earlier, the Oak Brook, Illinois-based company said in a statement today. Analysts estimated $1.39 a share, the average of 27 projections compiled by Bloomberg.