MCD - Robust U.S. Holiday Sales Point To Strong Q4 Earnings
By Jharonne Martis
In the U.S. retail landscape, ongoing strength in consumer spending continued through the holiday season. In fact, analysts polled by Refinitiv are becoming more bullish on consumer spending as retailers get ready to report their earnings for Q4 2018, which ended January 31.
The Refinitiv Same Store Sales Index is now looking at a 3.3% Q3 2018 growth, up from the 3.2% SSS result posted in Q4 2017. The discount group is one of the strongest with a 3.8% SSS estimate, on top of a robust 4.0% comparison from last year.
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