McDonald's (NYSE: MCD) continues to carve out market share in spite of recent price hikes. The fast-food giant enjoyed its ninth straight quarter of comparable sales growth, with global sales increasing almost 10% year over year.
Let's take a closer look at the company's third-quarter performance and future outlook.
With nearly 40,000 locations across more than 100 countries, McDonald's leads the world in fast-food retail. It's not just flipping burgers -- the company has recently flipped the current sales trend on its head. While most other chains are seeing a decrease in traffic after raising prices, McDonald's has actually observed the opposite.
For further details see:
McDonald's Sales Jump Nearly 10%: Is the Stock a Buy?