McDonald’s Corp will report fourth-quarter same-store sales of 4.1%, the best performance in 15 quarters, according to a note published by Nomura on Wednesday. Analysts based their forecast on the results of Nomura’s McDonald’s Franchisee Survey, raising their same-store sales expectations 60 basis points. A basis point is equal to 0.01%. The FactSet same-store sales consensus for the fourth quarter is 3%. McDonald’s is the bank’s top large-cap restaurant pick for 2016. For this survey, 26 domestic franchisees with about 209 stores participated in Nomura channel checks. Among the reasons cited for expected fourth-quarter results, franchisees cited all-day breakfast and mild weather. Nomura rates McDonald’s stock a buy. McDonald’s shares are up 28.4% for the past 12 months while the S&P is down 8.5%.
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