A day before its hedge fund nemesis is supposed to make another pitch for restructuring, McDonald’s Corp. made its own pitch for the status quo. The burger giant said same-store sales jumped 5% in December and predicted that it would beat Wall Street’s fourth-quarter earnings estimates. Pershing Square Capital Management LP, which holds a 4.9% stake in the Golden Arches, is scheduled to present its latest plans Wednesday to analysts and the media. Pershing has been pressuring McDonald’s to use its real estate for something more productive than Hamburglar Hideouts. McDonald’s shares gained 0.35% to close at $34.59.—Jeffrey Kanige
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