(McDonald's earnings report updated with additional analyst commentary and December sales data.)OAK BROOK, Ill. ( TheStreet) -- McDonald's ( MCD) reported mixed fourth-quarter results early Monday morning.
WEN) said Thursday it will unload its Arby's Roast Beef Sandwich chain to focus on its Wendy's Hamburger business. The company said that divesting Arby's, which makes up about 30% of its overall revenues, would allow it to concentrate on its namesake hamburger chain where sales have not declined as severely. Europe-based comps and guest counts grew in McDonald's recent quarter but the company said severe weather conditions in Germany and the U.K. tempered results. France and Russia led quarterly operating income growth of 2%. Results across McDonald's Europe segment reflected ongoing restaurant modernization, expanded drive-thru service and four-tier menu pricing. Still, DiFrisco said slower sales in Europe will raise questions among investors about the health of European consumerism.