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McDonald's and Its 267% Rally Get No Respect From Wall Street

  • Sales got a recent boost after long slide in customer traffic
  • Chain still faces rising labor costs, nutrition-keen patrons
Bloomberg business news

McDonald's Still Gets No Respect After Supersized Rally

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McDonald’s is having a moment.

Actually, it’s been having one for a while. Analysts may find no shortage of things to fret about -- from rising labor costs to lousy consumer feedback on the quality of the food -- but investors love McDonald’s Corp. Okay, there was that seven-quarter U.S. sales slump that took the blush off the share price. It ended last year, though, after Steve Easterbrook became chief executive officer, and overall the stock has climbed 267 percent in the past decade. (It’s up more than 30 percent in the last 12 months alone.)