McDonald's Feb sales up worldwide, but US lags

McDonald's Corp (MCD.N) said global sales at established restaurants in February rose 3.9 percent, as strong sales in Europe helped offset a U.S. market that was hit by high unemployment and rising gasoline prices.

February sales at restaurants open at least 13 months were up 2.7 percent in the United States, helped by strong demand for its McCafe beverages, the fast-food hamburger chain said.

But Wall Street analysts on average were expecting a 3.6 percent increase in the United States, and McDonald's shares were down 13 cents, or 0.2 percent, from Monday's close of $76.29.

Oppenheimer analyst Matthew DiFrisco said he expected U.S. same-restaurant sales to be up 2.9 percent and noted that high unemployment and rising fuel prices were affecting sales in the United States and would remain a concern.

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- Posted: 2011-03-08 08:49:00

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