McDonald's reported their monthly sales this morning. Of course they touted their same store sales rising 4%. Less heralded were their global system-wide sales up a paltry 1.7% , the lowest in YEARS! Those are what will be reflected in total revenues. Furthermore, at the end of their press release they state they are taking a 2 cent charge for asset impairment in Korea and that if the dollar stays where it is and mind you this is Dec 8 their earnings will be impacted negatively by at least a penny a share. None of the stories on Yahoo or Marketwatch mention this amazingly. Thomson has consensus earnings at $.47 for 4th qtr vs $.45 a year ago for a 4.4% increase. It sounds to me like they issued an earnings warning this morning that every one missed. Of course tout TV also never mentioned either fact. Has anyone noticed this kind of thing in other widely covered large caps?
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