McDonald's will have to prove that it is not a one-trick pony in terms of its sales trends. Europe is getting better. This is a market that's almost as strong as the U.S. and accounts for as much as 40 percent of profits. But psychologically for investors, the U.S. market has to continue to do well in order for the stock to hold up.
More Quotes from John Glass:
It's not a perfect world. There were some problems with the doughnut and coffee shops the logistics were a little challenging. But I don't necessarily think ... that it has to be a hot doughnut.John Glass
While avian flu has become an increasing concern in Europe, we don't believe the company has seen any discernable impact on sales.
John Glass
Instead of focusing on opening new stores, the company is investing on improving its existing stores, ... Second, McDonald's is doing a good job with product innovation and improving quality. It's a philosophical change whereby instead of selling burgers cheaply, it's now selling better menu items at a higher price and consumers are paying for it.
John Glass
The coffee market in the United States is the fastest-growing segment within fast food. McDonald's recognizes this and wants to capitalize on it. It's surprising it's taken the company this long.
John Glass
The lukewarm consumer response to tests in the U.S. combined with the significant capital outlay for oven equipment played a considerable part in the decision to delay (if not desert) this initiative.
John Glass
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