McDonald's November sales surge 7.4% worldwide, more than expected
Updated: Thursday, 08 Dec 2011, 11:37 AM EST
Published : Thursday, 08 Dec 2011, 10:52 AM EST
Published : Thursday, 08 Dec 2011, 10:52 AM EST
OAK BROOK, Ill. (Newscore) - McDonald's said Thursday that global sales for restaurants open at least one year rose 7.4 percent in November from a year ago, far above expectations.
Analysts were expecting a 4.9 percent rise in same-store sales, according to Dow Jones Newswires.
In the US, comparable sales rose 6.5 percent on higher breakfast demand, the seasonal Peppermint Mocha and a Chicken McNuggets promotion, the fast-food chain said.
In Europe, November same-store sales rose 6.5 percent, driven by performance in the UK, France, Russia and Germany. Comparable sales in the Asia-Pacific region, Middle East and Africa increased 8.1 percent in November, led by Japan and China.
Shares of McDonald's rose 1.6 percent early Thursday to $97.95.
Read more: http://www.myfoxorlando.com/dpp/news/national/120811-mcdonalds-november-sales-surge#ixzz1fyix2Wyy
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