This morning, McDonald's (NYSE:MCD) reported fourth quarter earnings of $1.4 billion, or $1.40 per share, as revenue climbed to $7.09 billion. The company topped Wall Street earnings estimates by a penny, but fell just short of revenue estimates. McDonald's Said it plans to open 1,500 to 1,600 new locations this year and remodel an additional 1,000 existing locations. Despite the progress, the fast food chain continues to see competition in the sector from healthier fast food options. Shares of MCD were flat on the news.
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