{"id":71134,"date":"2009-12-08T12:55:00","date_gmt":"2009-12-08T17:55:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/mcdonalds-3m-kroger-stocks-plunge-amid-troubles-2009-12"},"modified":"2009-12-08T12:55:00","modified_gmt":"2009-12-08T17:55:00","slug":"mcdonalds-3m-and-kroger-plunge-after-warning-of-weak-results","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/71134","title":{"rendered":"McDonald&#8217;s, 3M, And Kroger Plunge After Warning Of Weak Results"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4afdc9ae0000000000ac65ad&amp;maxX=382&amp;maxY=286\" border=\"0\" alt=\"mcdonalds-guantanamo-bay\" width=\"382\" height=\"286\" \/><\/p>\n<p>McDonald&#8217;s (MCD) and 3M (MMM) aren&#8217;t having a good day.<\/p>\n<p>The fast food retailer saw its second month of decreases among same-store sales <a href=\"http:\/\/finance.yahoo.com\/news\/McDonalds-US-samestore-sales-rb-3070666153.html?x=0&amp;.v=4\">due to a price war<\/a> involving rivals Burger King and Taco Bell. Currently, the stock is down 2% to $60.63.<\/p>\n<p>3M, meanwhile, gave a 2009 outlook that <a href=\"http:\/\/www.reuters.com\/article\/idUSN0813884820091208?type=usMktRpt\">fell short<\/a> of the Street&#8217;s expectations. 3M also cautioned investors about future earnings in 2010.<\/p>\n<p>And finally, Kroger (KR) <a href=\"http:\/\/blogs.barrons.com\/stockstowatchtoday\/2009\/12\/08\/morning-movers-kroger-down-13-on-q3-miss-morgan-falls-on-cfo-appointment\/?mod=yahoobarrons\">got hit hard<\/a> this morning by reporting lower-than-expected quarterly results and cutting its full-year forecast.<\/p>\n<p>The result? A 10% drop in its share price, sending it down to $20.50.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/mcdonalds-3m-kroger-stocks-plunge-amid-troubles-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/teens-ticketed-for-rapping-their-mcdonalds-order-2009-10\">Police Track Down Teens For Rapping Their McDonald&#8217;s Order<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gamestops-stock-plummets-as-walmart-slashes-video-game-prices-2009-12\">GameStop Plummets As Wal-Mart Goes Nuclear Cutting Game Prices (GME, WMT)<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/consumer-spending-plummets-as-crack-hit-from-cash-for-clunkers-runs-out-2009-10\">Consumer Spending Plummets As Crack Hit From Cash For Clunkers Runs Out<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/LCt98vsBonM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>McDonald&#8217;s (MCD) and 3M (MMM) aren&#8217;t having a good day. The fast food retailer saw its second month of decreases among same-store sales due to a price war involving rivals Burger King and Taco Bell. Currently, the stock is down 2% to $60.63. 3M, meanwhile, gave a 2009 outlook that fell short of the Street&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-71134","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/71134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=71134"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/71134\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=71134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=71134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=71134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}