Comp Sales For McDonald's Miss Estimates
The stock of steady grower McDonald's (MCD) slumped this week amid disappointing same-store sales for November. McDonald's was supposed to be a bright spot in the recession as cash-strapped consumers traded down from pricier eateries. For a while, it was. The world's largest restaurant chain kept growing, not only thanks to the trade-down phenomenon, but also due to the attraction of its Dollar Menu and its McCafe offering of specialty coffees
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