NEW YORK (TheStreet) -- Shares of McDonald's (MCD) are down 1.3% to $91.41 in afternoon trading Tuesday on heavy volume, after the world's largest restaurant chain reported yesterday that November U.S. same-store-sales declined 4.6% -- the worst in more than a decade and marking 12-straight months without growth.
The drop in U.S. November sales missed analysts expectations of a 1.9% decline, according to Consensus Metrix.
Global comparable sales were down 2.2% in November. In Europe, same store sales fell 2%, while the Asia Pacific and Middle East and Africa region declined by 4%.
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The Oak Brook, IL-based company said in a statement that a health scare in China took a toll on profit this quarter, Bloomberg reports.
About 6.28 million shares of McDonald's were traded as of 2:18 p.m., compared to the average trading volume of about 5.31 million shares a day.
Separately, TheStreet Ratings team rates MCDONALD'S CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCDONALD'S CORP (MCD) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."