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McDonald's posts an earnings beat as it names a new U.S. leader
McDonald's shares are down more than 11% this year, leaving the company’s market value around $191 billion, ahead of the growth push under its new U.S. head.
CNBC reports that McDonald's beat analysts’ earnings expectations, according to coverage of the company’s latest results.
The retailer also announced a new U.S. head, with the company saying the leadership change is intended to accelerate growth.
CNBC notes McDonald's stock has fallen more than 11% so far this year, which has weighed on its market cap, bringing it to roughly $191 billion.