McDonald's: 'Competitive activity' hurts October U.S. same-store sales

McDonald's: 'Competitive activity' hurts October U.S. same-store sales

Analysts question recovery after company releases latest results

McDonald’s U.S. same-store sales fell 1 percent in October, and the company today pointed to “strong competitive activity” for the decline.

Still, the results were better than analysts expected, though they noted that it’s too early to tell whether the Oakbrook, Ill.-based burger chain was starting to recover.

Overall, global same-store sales fell 0.5 percent for McDonald’s, and the chain struggled in its key markets. In Europe, same-store sales fell 0.7 percent in Oct

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