Services

McDonald’s Same-Store Sales Up Slightly in July

McDonald's 1990's logo
Source: Wikimedia Commons
Fast-food giant McDonald’s Corp. (NYSE: MCD) today reported same-store sales growth of 0.7% in July, compared to sales in July of last year. Systemwide sales rose 1.6%, and 3.3% on a constant currency basis. Analysts had been expecting a gain of 0.4%.

Same-store sales in the United States rose 1.6% in July, well above the consensus estimate for growth of 0.3%. The company attributed the rise to its breakfast menu, better sales of its “classic core favorites” and its value menu.

In Europe, same-store sales fell 1.9% in July, compared with a consensus estimate for 0.3% growth. Sales fell in Germany, France and southern Europe, wiping out gains in the United Kingdom and Russia.

In the company’s Asia Pacific, Middle East and Africa segment (APMEA) same-store sales also fell 1.9%, compared with the consensus estimate for a decline of 0.3%. Sales in China, Japan and Australia fell.

For the year to date, same-store sales are up 0.1%, compared with a rise of 4.5% in the first seven months of 2012. Sales are up 0.2% in the United States but have dropped in the other regions, with APMEA sales down 1.9% and European sales down 0.9%.

Shares of McDonald’s are up 0.2% at $98.33 in premarket trading this morning. The stock’s 52-week range is $83.31 to $103.70.

Buffett Missed These Two…

Warren Buffett loves dividend stocks, and has stuffed Berkshire with some of his favorites.

But he overlooked two dividend legends that continue to print checks on a new level, they’re nowhere in his portfolio.

Unlock the two dividend legends Buffett missed in this new free report.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.