McDonald’s same-store sales fall

January 23, 2017

McDonald’s Corp.’s same-store sales fell 1.3 percent in the U.S. in the fourth quarter ended Dec. 31, thanks largely to tough comparisons, the company said on Monday.

Same-store sales increased 2.7 percent worldwide, however, while diluted earnings per share increased 10 percent to $1.44 from $1.31 — beating analysts’ expectations for the quarter. McDonald’s stock fell slightly in early trading.

Global same-store sales increased 3.8 percent on the year, the best year for the company since 2011.

“Throughout 2016, we worked diligently to lay the groundwork for our long-term future,” CEO Steve Easterbrook said in a statement. “Our efforts yielded