Alphabet (GOOGL) slips after hours despite Street-beating Q2 >>> READ MORE

MCD Stock – McDonald’s to Keep the Heat on Coffee

Industry expert says that McDonald's should stop trying to be Starbucks


McDonald’s (MCD) is prioritizing coffee-focused visits in order to boost U.S. sales as MCD stock is down 1% in early afternoon trading Wednesday.

MCD stock
Source: Flickr

The fast food chain took a massive hit last quarter with U.S. same-store sales falling 1.4%. McDonald’s has been doing well with some of its McCafe selections but its premium hot espresso drinks have not.

Industry expert Howard Penney says that McDonald’s has suffered from trying to look and feel like Starbucks (SBUX). He added that the chain thrives on fast service, and elaborate coffee drinks tend to slow down serving time.

MCD stock is down close to 4% YTD.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC