McDonald's Exec Says Expect 2024 Comp Sales Growth "Getting Back To More Of That Historical Norm Range Of 3% To 4% In Both The U.S. And IOM This Year"
Portfolio Pulse from Benzinga Newsdesk
During a conference call, a McDonald's executive projected that the company's comparable sales growth will return to its historical norm of 3% to 4% in both the U.S. and its International Operated Markets (IOM) for the year 2024.
February 05, 2024 | 2:19 pm
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POSITIVE IMPACT
McDonald's is expected to see a return to its historical comparable sales growth of 3% to 4% in the U.S. and International Operated Markets in 2024.
The executive's projection of returning to historical sales growth norms is a positive signal for investors, indicating potential recovery and growth in McDonald's operations in both the U.S. and its International Operated Markets. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100