McDonald's (MCD) Comps Set to Rebound in August Following Dismal July Numbers

September 10, 2012 12:12 PM EDT
Fast-food bellwether McDonald's (NYSE: MCD) is trading higher into expected sales results for August.

According to Bloomberg, global comparable-store sales in August might rise 3.9 percent, from 3.5 percent in the same period last year. U.S. comps could rise 3.1 percent, Europe up 3.3 percent, and APMEA up 3.95 percent.

Of note, APMEA simply meeting estimates would be its best month since March 2012. Additionally, McDonald's European exposure risk lower on eased expectations, numerous sales drivers, and a balanced global presence, noted Deutsche Bank.

For July, McDonald's said global comps were flat, with APMEA comps down 1.5 percent in the period. For more, click here.

Today, traders are keeping an eye on Japan, as McDonald's said comps in the market slipped 2.5 percent in August. Despite the drop in sales, same-store customers rose 6.6 percent to the most in a single month.

McDonald's is expected to report August metrics ahead of the bell Tuesday. Shares are up 0.5 percent Monday, continuing a three-session winning streak.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Retail Sales, Trader Talk

Related Entities

Deutsche Bank

Add Your Comment