I love biscuits—I’ve never met one I didn’t like. Evidently a lot of other people do too because for the first time in two years McDonald’s same-store sales are up—a lot—5.7% compared to the 4th quarter last year. McD’s stock has soared too—up 26% in the last year. The critics have been silenced and CEO Steve Easterbrook has been proven correct. I expect he’ll get a big bonus—and he should.
How did it happen? “All-day breakfast!” Like Waffle House or Cracker Barrel, you can go in McD’s and get breakfast any time they are open.…Continue Reading
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