(Thanks to Paul for the story)
By Chris Burritt
Oct. 22 (Bloomberg) -- McDonald's Corp., the world's largest restaurant company, said third-quarter profit rose 11 percent as consumers stretched by higher food costs bought $1 double cheeseburgers... ``McDonald's is one of those great plays at this point in time,'' Keith Wirtz, the chief investment officer at Fifth Third Asset Management, told Bloomberg Television. Customer visits to restaurants are slowing ``with one exception, and that's in the fast-food category.''
To contact the reporter on this story: Chris Burritt in Greensboro, North Carolina, at +1-336-808 1348 or cburritt@bloomberg.net.
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