McDonald's August same-store sales rise, but miss views

McDonald’s Corp. reported a weaker-than-expected 3.7 per cent rise in August sales at established restaurants around the world on Tuesday, as austerity measures in Europe and global economic volatility weighed on results.

Analysts polled by Consensus Metrix were expecting a gain of 3.9 per cent at restaurants open at least 13 months for the world’s largest hamburger chain.

Still, the results show a rebound from July, the company’s worst month in more than nine years. McDonald’s had flat same-restaurant sales around the world for that period, on slight declines in all three of its major regions.

August same-restaurant sales were up 3 per cent in the United States and up 3.1 per cent in Europe. Analysts had expected a 3.1 per cent rise for the United States and a 3.3 per cent increase in Europe.

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- Posted: 2012-09-11 12:10:07

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