Coffee News: Premium coffee seen boosting McD's March sales
"The fast-food franchise introduced a higher-grade of coffee last month and stock analyst Mark Kalinowski of The Buckingham Research Group thinks it will help jolt March sales, to be reported Thursday.
He more than doubled his forecast for March sales in a recent report.
Most Wall Street analysts are looking for growth of 2% to 3% at restaurants open for at least 13 months. Mr. Kalinowski revised his forecast for U.S. sales growth to 5.6% from 2% after conducting a survey of McDonald’s franchisees.
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Mr. Kalinowski is less optimistic about sales from European operations and downgraded his growth projections to 1.5% from 2% due to sluggish results from the United Kingdom and Germany."
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Posted by Jennifer at April 13, 2006 6:16 PM