iBankCoin
Joined Nov 11, 2007
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$MCD Posts Less Than Expected Same Store Sales

 

“(Reuters) – McDonald’s Corp reported a weaker-than-expected 3.7 percent rise in August sales at established restaurants around the world on Tuesday, as austerity measures in Europe and global economic volatility weighed on results.

Analysts polled by Consensus Metrix were expecting a gain of 3.9 percent at restaurants open at least 13 months for the world’s largest hamburger chain.

The results show a rebound from July, when McDonald’s had flat same-restaurant sales around the world on slight declines in all three of its major regions. That was its worst performance in more than nine years.”

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