Mc'Donalds Corp. (MCD), the largest restaurant chain in the world, reported same store sales growth at 3.5%, missing analysts estimates. While largely attributed to the problems in Europe and rising food prices, the most troubling part of the report came from Asia where strength from China and Australia was offset by weakness in Japan. Sales in Asia actually fell three tenths of a percent. This hasn't affected Free Market Capitalist Favorite Arcos Dorados Holding (ARCO), the largest Mc'Donalds franchisee in the world with over 5,000 stores in Latin America and trhe Caribbean, as it's bucking the trend only down eight tenths of a percent right now. Mc'Donald's Corp. (MCD) was down 4.01% in early trade.
This is not a recommendation to buy or sell any securities. DAK was long ARCO at time of publication but positions can change at anytime.
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