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MCDMcDonald’s (NYSE:MCD) is an institution in the fast-food industry, but this company is doing anything but sitting on its laurels. In the past month, this company has switched out one of its major egg suppliers and announced a $400 million plan to upgrade its restaurants with flat-screen TVs, padded seats and wooden tables.

All of these developments have clearly paid off — management recently announced that McDonald’s global same-store sales boomed 7.4% in November. Even in the U.S., sales rose 6.5% — according to management, the McCafe Peppermint Mocha succeeded in bringing in customers looking for an inexpensive holiday treat. In Europe, McDonald’s also brought in a 6.5% gain. All of these figures easily topped the 4.2% sales growth forecast by Street analysts. McDonald’s is living proof that an “old dog” can learn new tricks, and I’m excited to see what other changes this company announces.

Article printed from InvestorPlace Media,

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