McDonalds announced year-to-year same-store sales rose 8.2% in October. In the United States, sales rose 5.3%, while Europe saw a 9.8% increase. Sales rose 11.5% in the Oak Brook, Ill., company’s Asia/Pacific, Middle East and Africa division. Shares of McDonald’s rose 1.5%, or 85 cents, to $56.35, in late trading.
It looks as though McDonald’s is not only recession proof but thriving on penny pincher’s devouring $.99 Double Cheeseburgers from the Value-Menu.
Although this video says Diffrent.
The stock market tells the story: While the Dow Jones industrial average has dropped 31.9% over the past year McDonald’s has only dropped 3.4%. That’s better than its fast-food rival like Burger King, down 24.6% and significantly ahead of casual-dining companies like Ruby Tuesday, which has fallen 88.3%.