Tags: McDonalds | sales | Asia | restaurant

McDonald's May Sales Rise 0.9 Percent as Asia Cushions US Slump

Monday, 09 Jun 2014 08:37 AM

McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months rose 0.9 percent in May as a gain in Asia helped cushion a prolonged slump in the U.S.

Analysts estimated a 0.8 percent increase, the average of 15 estimates from Consensus Metrix. In the U.S., sales fell 1 percent, Oak Brook, Illinois-based McDonald’s said in a statement today. Analysts estimated a gain of 0.1 percent.

McDonald’s, which gets more than 30 percent of revenue from domestic locations, has struggled to attract Americans after slowing its kitchen last year with too many new and complex items. The chain also has faced more competition as Burger King Worldwide Inc. advertises discounts and Taco Bell sells new breakfast items, including Cinnabon bites and waffle tacos, across the U.S.

Sales in the company’s Asia Pacific, Middle East and Africa region rose 2.5 percent, topping estimates, as positive results in China helped boost the division. In China, McDonald’s has focused on expanding its delivery and breakfast businesses and plans to open about 300 stores there this year.

McDonald’s shares fell 0.3 percent to $101.70 at 8 a.m. in early trading in New York. They gained 5.1 percent this year through June 6, the most recent trading day, while the Standard & Poor’s 500 Restaurants Index advanced 2.4 percent.

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McDonald's Corp., the world's largest restaurant chain, said sales at stores open at least 13 months rose 0.9 percent in May as a gain in Asia helped cushion a prolonged slump in the U.S.
McDonalds, sales, Asia, restaurant
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2014-37-09
Monday, 09 Jun 2014 08:37 AM
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