Business
Don Thompson is new McDonald’s CEO
Thursday, March 22, 2012
McDonald’s global sales at stores open at least a year have gone up every month for more than eight years. Its stock price, now trading around US$96, dwarves the sub-US$13 it traded at in 2003, when” Plan to Win” was introduced.
McDonald’s faces some big challenges going forward, though. One of them is the economic turmoil in Europe, which is McDonald’s largest market by revenue.
Like other companies of all stripes, McDonald’s also has been troubled by rising costs for its ingredients and labor. And because McDonald’s has done so well for so long, it faces unusually intense pressure to post higher sales every month and higher numbers every quarter.
Copyright 2012 The Associated Press
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