McDonald's shares fall on concern over US consumer

January 11, 2008

Source

Shares of McDonald's Corp fell as much as 8 percent on Friday, as a survey of franchisees showed December same-store sales grew at the lowest level in the six-year history of the poll.

The survey of 31 domestic franchisees, representing 195 restaurants of the nearly 14,000 in the United States, showed same store sales were up juts 1.8 percent.

Sales in the west rose just 0.4 percent, versus 1.9 percent in the east and 3.7 percent in the central United States, according to the survey conducted by restaurant stock analyst Mark Kalinowski.