McDonald's Falls on Concern That Storms Will Hurt Sales
- Investors are opting to ‘sell first, ask questions later’
- Chain has more than 2,000 locations combined in Florida, Texas
A damaged McDonald's sing lies on the ground after Hurricane Harvey in Galveston, Texas, on Aug. 26, 2017.
Photographer: Brendan Smialowski/AFP/Getty ImagesThis article is for subscribers only.
McDonald’s Corp. suffered its worst stock decline in more than a year on mounting fears that storms in Florida and Texas will weigh on results this quarter.
The concerns escalated Tuesday after data tracker M Science said its sales projections for the fast-food chain are below Wall Street’s estimates. The analysis firm has previously swayed stocks like Chipotle Mexican Grill Inc. and Weight Watchers International Inc. with its reports.