McDonald's (MCD) U.S. Sales Flat, But International Gives It a Boost
More News related to MCD
- McDonald's (MCD) January Sales Rise Driven by International Operations
- McDonald's (MCD) Global Comps Up 2.6% in January
- McDonald's Reports Global Comparable Sales Increase for January
- Goldman Sachs Removed CVS Caremark (CVS) from Conviction Buy List
- Goldman Sachs Added McDonald's (MCD) to Conviction Buy List
More News related to Retail Sales
- Grupo Aeroportuario del Pacifico (PAC) Reports Decline in January Traffic
- McDonald's (MCD) January Sales Rise Driven by International Operations
- Rick’s Cabaret (RICK) Sees 20.75% Increase in Sales for January 2010
- Conns Inc. (CONN) Sales Down 30.3% for January 2010
- McDonald's (MCD) Global Comps Up 2.6% in January
McDonald's (NYSE: MCD) saw a rise in same-store sales in the month of October, even while sales slipped on the home-front.
The fast-food giant's same-store sales in the U.S. fell 0.1 percent in October; however sales internationally saw a boost. Sales jumped 6.4 percent in Europe and 4.7 percent in Asia/Pacific, Middle East and Africa. The markets in Japan and Australia showed strong growth for the hamburger chain. Global comparable sales rose 3.3% in October.
In the U.S. the company saw strength in its Dollar Menu items as people continue to feel the financial constrains of the weak economy. The new premium Angus burger and the McCafe coffee drinks also performed as bright spots for McDonald's.
The company is facing a drop in the sale of its breakfast menu items due to the declining unemployment rate. Fewer people are working and therefore there are less people coming to the drive-thru for breakfast.
Shares for McDonald's rose 1 percent to $62.33 in premarket trading.
Related Categories
Retail SalesStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
