McDonald's Sales Increase 8.2%, Surpassing Estimates
McDonald's Sales Increase 8.2%, Surpassing Estimates
McDonald's Corp., the world's largest restaurant company, said November sales rose 8.2 percent, exceeding analysts' estimates, as customers bought coffee in the U.S. and chicken sandwiches in Europe and Asia. The stock jumped 1.4 percent to a record.
Sales in U.S. restaurants open at least 13 months advanced 4.4 percent, while comparable sales rose 10.8 percent in Europe, Oak Brook, Illinois-based McDonald's said today in a statement. The median global sales estimate among three analysts surveyed by Bloomberg News was a 5 percent gain.
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