MCD - 3 Reasons Why McDonald's Stock Is Still a Buy
2023-08-03 09:30:00 ET
McDonald's (NYSE: MCD) just gave investors a few more reasons to love its stock. The fast-food giant in late July announced fiscal second-quarter results that showed solid growth momentum in an increasingly competitive selling environment.
Investors might have some reservations about the stock, considering it is sitting near all-time highs today. But McDonald's business is firing on all cylinders right now, which should support excellent shareholder returns from here. Let's look at a few big reasons why the stock is still a buy.
McDonald's thrilled Wall Street three months ago when it announced that comparable-store sales were up a blazing 13% in the fiscal first quarter. This past quarter was nearly as impressive.
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3 Reasons Why McDonald's Stock Is Still a Buy