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Friday, April 20, 2012

Earning Alert -McDonald's (MCD +1.2%) says in an earnings CC that global same-store sales momentum has cruised- 4/20/12

McDonald's (MCD +1.2%) says in an earnings CC that global same-store sales momentum has cruised right past March and into April, but warns that fluctuating currency rates could negatively impact the firm by $0.12-$0.14 in FY12 based on estimates. Execs say that long-term average annual targets are still in play - including sales growth of 3%-5%, operating income growth of 6%-7%, and return on invested capital in the high-teens

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