McDonald's Same-Store Sales Up

Before you go, we thought you'd like these...
Before you go close icon

Fast food giant McDonald's Corp. (NYSE: MCD) today reported same-store sales in August rose 3.7% year-over-year, but total sales rose just 1.2% (6.2% in constant currency) in the month. U.S. same-store sales rose 3%, sales in Europe were up 3.1%, and Asia/Pacific, Middle East and Africa (APMEA) sales rose 5.7%.

Sales in each of the company's regions improved significantly in August when compared with July, when global comparable sales were flat. Part of the improvement in Europe was due to the London Olympics:

Premium food events complemented by unique value offerings and promotions highlighting McDonald's Olympic sponsorship benefited the segment's performance.

For comparison, European same-store sales in July fell 0.6%

For the year to date, McDonald's same-store sales are up 4.4% over 2011, which was lower than last year's gain of 4.7% over 2010. The company has been hit hard by currency exchange rates, with a stronger dollar weighing heavily on revenues.

Shares are up about 0.4% in the premarket, at $91.79 in a 52-week range of $83.65 to $102.22.

Paul Ausick

Filed under: 24/7 Wall St. Wire, Food, Pre-Market Activity, Retail Tagged: featured, MCD
Read Full Story


S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 12,064.27 24.59 0.20%
NIKKEI 225 19,262.53 177.22 0.93%
HANG SENG 24,358.27 30.57 0.13%
USD (per EUR) 1.08 0.00 0.15%
USD (per CHF) 0.99 0.00 0.02%
JPY (per USD) 111.32 0.34 0.30%
GBP (per USD) 1.25 0.00 -0.33%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners