Thu Jul 23 08:56:00 -0400 2009

Dow Jones Newswires (New York)

- McDonald’s Corp. (MCD) second-quarter was held back on weak June sales, even as the company met earnings expectations with an 8% decline due to unfavorable exchange rates and a prior-year sales gain.

“McCafe is a long-term home run for them, but given the high price of some items, it might not provide that sales jolt,” Telsey Advisory Group restaurant analyst Tom Forte said. “Given the prolonged recession, some of these higher items may not be ideal.”

To view the full article, download the PDF here: Dow Jones Newswires, July 23, 2009