UNDATED – McDonald’s is back on track in the U.S. but still seeing a sales drag from coronavirus restrictions in other parts of the world.
U.S. same-store sales jumped 5.5% in the October-December period, pumped up by new menu items like spicy Chicken McNuggets.
But worldwide, same-store sales were down 1.3% for the quarter, reflecting store closures and limited operating hours in many markets.
McDonald’s President and CEO Chris Kempczinski said 2020 was the most difficult year in the company’s history.
McDonald’s fell short of Wall Street’s earnings and revenue expectations for the quarter. Revenue fell 2% to $5.3 billion.
