Out of Control Policy Blog

McDonald's as an Egine of Economic Development

Adding to Sam Staley's recent post about McDonald's as economic development, I'll add this headline from today, McDonald's same-store sales rise 8.2 percent

McDonald's Corp. said Monday its global same-store sales jumped 8.2 percent during the month. That beat the company's own prediction for a rise similar to the one it recorded in its last quarter, when same-store sales, or sales at locations open at least a year, jumped 7.1 percent worldwide.

The results were a bright spot in what was a dismal month for most restaurant operators. Many sit-down chains have reported steep declines in same-store sales during October as consumers grew more anxious about the possibility of a prolonged recession.

Lisa Snell is Director of Education

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