McDonald's Feb Same-Store Sales Rise 12% |
| CNNMoney.com - Mar 10, 2008 |
McDonald's Corp. (MCD) posted a 12% rise in February same-store global sales, as the fast-food restaurant chain benefited from strong performance in each of its business segments as well as an extra day due to leap year.
The news sent shares up 4.3% in premarket trading to $54.50 from Friday's closing price of $52.27.
The company said its results include a benefit of about 4 percentage points from the extra day.
The fast-food chain's U.S. same-store stores saw sales grow 8.3%, driven by strong performance from its breakfast, coffee and "everyday value" offerings.
The company's same-store sales in Europe jumped 15% on strong results in the U.K., France, Germany and Russia. Europe's results benefited from the chain's premium beef and chicken menu selections there, as well as its affordability.
Read Full Article from CNNMoney.com
- Posted: 2008-03-10 09:53:48
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