NEW YORK (TheStreet) -- Same-store sales for McDonald's (MCD) were down for a second month in a row in February.
While U.S. based stores saw a 1.4% decline in sales during the previous month and African and Asian based stores saw sales fall by 2.6%, European stores saw a 0.6% increase over the same period.
McDonald's sales last month in the U.S. market were down 3.3%, but overall sales were up 1.2% thanks to strong performances in the European, Asian, African and Middle Eastern markets.
McDonald's says that severe winter weather is to blame for the disappointing run the global fast food company has endured this year. McDonald's stock hasn't fallen too heavily despite the bad news and is only down 0.48% in early trading.
TheStreet Ratings team rates MCDONALD'S CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCDONALD'S CORP (MCD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."