McDonald's sales climb in May but miss predictions

Sales of McDonald's fruit and maple oatmeal and drinks like frozen strawberry lemonade pushed the fast-food chain's revenue at restaurants open at least 13 months up 3.1 percent in May.

The world's largest hamburger chain said Wednesday that revenue at stores open at least 13 months grew 3.1 percent in May. Though that number would be enviable for many fast-food chains, it's a slowdown from the 4.8 percent the company recorded a year ago.

Some analysts had been expecting more: 3.6 percent, according to Jefferies & Co., and 3.8 percent, according to Stifel Nicolaus & Co. McDonald's stock rose 21 cents to $81.35 Wednesday morning.

Revenue at restaurants open at least 13 months is a key gauge of a restaurant chain's health because it excludes the impact of restaurants that were recently opened or closed.

Read Full Article from msnbc.com

- Posted: 2011-06-08 10:28:55

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