Tags: mcdonalds | sales | restaurant | fast food

McDonald's April Store Sales Rise 1.2 Percent as US Decline Is Halted

Thursday, 08 May 2014 08:42 AM

McDonald’s Corp., the world’s largest restaurant chain, said same-store sales rose 1.2 percent last month as the U.S. posted its best month since since October.

Analysts estimated a gain of 1.2 percent globally, the average of 16 projections from Consensus Metrix. Sales at McDonald’s U.S. stores open at least 13 months were little changed in the month, the Oak Brook, Illinois-based company said in a statement. Analysts estimated a 0.1 percent drop.

McDonald’s has recently struggled to attract diners, especially in the U.S., where growing restaurant competition and shaky consumer confidence puts pressure on the industry. McDonald’s advertised breakfast foods, free McCafe coffees and the new Bacon Clubhouse sandwiches last month, helping to fuel U.S. sales.

The April results end five months of declines and may be an early signal of a domestic turnaround. The Big Mac seller last month posted first-quarter profit that fell short of estimates amid harsh winter weather and "challenging industry dynamics’’ in the U.S.

The shares rose 0.2 percent to $102.20 at 8 a.m. in early trading New York. The shares gained 5.1 percent this year through Wednesday’s close, while the Standard & Poor’s 500 Restaurants Index lost 1.5 percent.


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McDonald's Corp., the world's largest restaurant chain, said same-store sales rose 1.2 percent last month as the U.S. posted its best month since since October.Analysts estimated a gain of 1.2 percent globally, the average of 16 projections from Consensus Metrix. Sales at...
mcdonalds, sales, restaurant, fast food
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2014-42-08
Thursday, 08 May 2014 08:42 AM
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