McDonald's shares are trading lower following the company's comments at a UBS conference suggesting it is seeing a sluggish start in China this year.
Portfolio Pulse from Benzinga Newsdesk
McDonald's shares are trading lower after the company indicated a sluggish start in China this year during a UBS conference.
March 13, 2024 | 2:13 pm
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NEGATIVE IMPACT
McDonald's shares are down following remarks about a sluggish start in China.
The company's acknowledgment of a sluggish start in China, a significant market, likely led to negative investor sentiment, causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100