Although McDonald's Corp.'s sales may see some pressure from a slower economy in China, Wall Street analysts say the company should still report long-term sales and profit growth in its Asia Pacific region.
At an investor meeting Friday detailing its Asia, Pacific, Middle East and Africa (APMEA) division's performance, the company said discretionary spending may be under pressure from a slower economy in China - which has long been considered a significant opportunity for fast food companies given the rapid rise of a new middle class.
Analysts see McDonald's Sales growth
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Junio 27, 2024