Thursday, July 23, 2009

McDonald's shares fall on light June sales

LOS ANGELES (Reuters) - McDonald's Corp (NYSE:MCD - News) reported light June same-store sales on Thursday and shares fell 3.8 percent after the top-performing restaurant chain only matched Wall Street's profit view.
"The problem is that good isn't good enough for these guys," said RBC Capital analyst Larry Miller, who said as McDonald's shares approach $60, the company needs to show growth catalysts to lift its stock.

Read more:
http://finance.yahoo.com/news/McDonalds-shares-fall-on-rb-3623116313.html?x=0&.v=2

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