McDonald's Comparable Sales Rose 4.9% in November


McDonald's (MCD) said that sales at stores open at least one year rose 4.8% in November from a year earlier.

Comparable sales rose 4.9% in Europe and the United States, and by 2.4% in the rest of the world, the company said in a statement.

"Contemporary locations, quality food and beverages at an outstanding value and operations excellence continue to be the key ingredients to becoming our customers' favorite place and way to eat and drink," said CEO Jim Skinner.

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Strong demand for the McRib sandwich and McCafe beverages drove U.S. sales, the company said.

In Europe, the top performers were France, Germany, Russia and the U.K.

System wide sales rose 4.7%.

Currency fluctuations are expected to negatively impact fourth quarter earnings by 1 cent to 2 cents per share.