McDonald's Sales Rebound, Snap Tumbles, Lucid Lowers Production Outlook
On this edition of Stock Movers:- McDonald's (MCD) shares are up today after sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners’ economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday. That’s higher than the average estimate of analysts polled by Bloomberg. International markets led the company’s growth, while the US was slightly ahead of expectations as Americans spent more per trip. The results ended four quarters…
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