McDonald’s works to close gap with competitors

McDonald’s works to close gap with competitors

Sales are improving and investors are cheering, but executives say they have a way to go

Investors cheered McDonald’s Corp.’s third-quarter earnings report Thursday, bidding the company’s stock to an all-time high after its first positive domestic sales result in two years.

But McDonald’s executives stressed during an earnings call that it is just a single quarter, and that they must still fill a gap with competitors.

“Clearly, for a turnaround, you want sustained growth,” McDonald’s CEO Steve East

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