Tough climate catches up with McDonald’s

OAK BROOK Ill. McDonald’s Corp. on Monday posted flat December same-store sales, ending its months-long surge of positive results and leading industry observers to speculate that the worst is still to come for restaurant chains struggling against a pending U.S. recession.

McDonald’s had weathered the consumer slowdown since last summer, citing its value menu, longer operating hours, breakfast offerings and coffee sales as major factors. As recently as November

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