McDonald's Stock Is Down 15% From Its High. Time to Buy?
McDonald's (NYSE: MCD) stock beat the market in 2022 as the fast-food giant achieved solid sales and earnings growth. Is that discount enough to make McDonald's an attractive investment, given that other restaurant chains have seen bigger discounts during the recent market downturn? Comparable-store sales (comps) were up a blazing 12% in the fourth quarter, including a 10.3% increase in the core U.S. market.