Has McDonald’s Reached a Turning Point?

McDonald’s continues to beef up with its latest quarterly results. However, the stock might be getting a wee bit too pricey, even as the company’s allure with bargain-hunting consumers begins to show some signs of apparent weakness.

Mickey D’s net income increased 23%, to $1.22 billion, or $1.11 per share. Without one-time items, earnings dropped to $1.03 per share, which still exceeded analysts’ expectations for $1.02 per share. Revenue increased 7%, to $5.97 billion, a gain that shrank to 2% when adjusted for currency effects. Global comps increased by 2.3% in the quarter.

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