Monday, August 9, 2010

McDonald's July Sales Rise 7%, Topping Estimates

McDonald’s Corp. said comparable- store sales climbed 7 percent last month from a year earlier, the biggest monthly gain since January 2009, fueled by U.S. and Asian sales at the world’s largest restaurant chain.

Analysts projected global sales would advance 5.1 percent, the median of three estimates compiled by Bloomberg. Sales at restaurants open at least 13 months rose in all regions, with a 5.7 percent increase in the U.S. and a 10 percent gain in Asia, Africa and the Middle East.

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