McDonald's Corp., said first-quarter profit rose more than analysts estimated after record European revenue gains outweighed the first drop in U.S. comparable-store sales in five years.U.S. sales at stores open at least 13 months fell 0.8 percent in March, McDonald's said today in a regulatory filing. The first decline since March 2003 occurred as consumers pinched by rising fuel costs and sinking home values cut spendingSame-store sales at European restaurants jumped 11 percent in the quarter, spurred by breakfast foods in the U.K., small chicken sandwiches in France and cheeseburgers in Germany
McDonald's First Quarter Profit Beats Estimates;U.S. Sales Decline
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