McDonald's Posts Growth in April Sales
Monday May 9, 4:18 pm ET
McDonald's Posts 2.8 Percent Growth in April Same-Store Sales on Higher U.S. Demand
OAK BROOK, Ill. (AP) -- McDonald's Corp. on Monday posted a moderate rise in sales at its namesake fast-food restaurants last month, lifted by improved domestic business while European demand lagged.
Same-store sales at worldwide McDonald's locations open at least a year grew 2.8 percent in April, but slowed from an increase of 10.5 percent in the prior-year period. Total systemwide sales were 6.7 percent higher, the company said.
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Monthly same-store sales jumped 4.7 percent at U.S. sites and 1.6 percent in Asia, the Middle East and Africa. A year ago, U.S. sales rose 13.5 percent and Asian, Middle Eastern and African sales were up 10.1 percent.
Meanwhile, European same-store sales dropped 0.7 percent, compared with growth of 5 percent last year.
McDonald's shares rose 74 cents, or 2.5 percent, to close at $30.12 in Monday trading on the New York Stock Exchange, where they have been trading in a 52-week range of $25.05 to $34.56.
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