Coffee perks up July sales at McDonald's


McDonald's (MCD) reported Monday that its same-store sales rose 4.3 percent last month as the fast-food giant benefited from interest in its new line of premium coffee products as well as stronger demand from consumers looking to spend less on dining out.

The Oak Brook, Ill.-based company said U.S. same-store sales, those at outlets open at least 13 months, rose 2.6 percent in July, while same-store sales in Europe climbed 7.2 percent, boosted by robust demand in the U.K. and France. In Asia, Africa and the Middle East sales perked up 2.1 percent, helped by stronger sales in Australia and longer store hours throughout the region, McDonald's said.