McDonald's (MCD) July Comps Up 3.8%

McDonald's Corporation (NYSE: MCD) said July Comparable Sales rose 3.8%; 1.9% in US, 5% in Europe, 5.4% in Asia/Pacific, Middle East and Africa.

Systemwide sales for McDonald's restaurants worldwide increased 6.7% in July, or 4.9% in constant currencies.

McDonald's Chief Executive Officer Jim Skinner said, "Our strategic focus on serving customers an effective balance of new products and classic menu favorites, as well as premium products and everyday value in convenient, contemporary restaurants is driving solid performance in every area of the world. Our new Snack Wrap -- launched in the U.S. last week -- is one example of how we are successfully building sales by appealing to customers across these multiple dimensions."

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