McDonald's Stock Drops as Revenue, Comparable Store Sales Disappoint
1. MCD's Q1 revenue fell 3% year-over-year to $5.96 billion. 2. Global comparable sales dipped 1%, missing expectations. 3. U.S. comparable sales declined 3.6%, worse than projected declines. 4. Shares dropped 1.4% post-results, despite a 10% increase year-to-date. 5. Previous quarter showed growth but impacted by an E.coli outbreak.