McDonald's Earnings Top, January Sales Seen Down
McDonald's (MCD) reported fourth-quarter revenue above expectations Wednesday, thanks to strong December sales. But the No. 1 burger joint sees January same-restaurant sales declining. The home of the Big Mac and McRib sandwich said Q4 earnings climbed 4% to $1.38, beating analyst estimates by 5 cents. Sales rose 2% to $6.95 billion, above estimates of $6.89 billion. Shares fell modestly. Same-restaurant sales, or sales in restaurants open at
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