McDonald’s to Analysts: You Got Served!
McDonald’s (NYSE:MCD), the world’s largest fast-food chain, announced better-than-expected same-store sales for November, signaling a turnaround from a dismal October.
On Monday, McDonald’s reported global comparable sales jumped 2.4 percent in November, compared to a 1.8 percent decrease in the prior month. Analysts were only expecting to be served with a 0.17 percent rise in global sales.
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Performance by geographical segments beat across the board. Sales at restaurants in operation for at least thirteen months in the United States gained 2.5 percent, easily topping estimates for a 0.60 percent decline. Meanwhile, sales in Europe and the Asia/Pacific, Middle East and Africa region increased 1.4 percent and 0.60 percent, respectively.
“McDonald’s is a destination for more than 69 million customers every day because we offer great-tasting, high-quality food in increasingly modern and appealing restaurants,” said McDonald’s President and Chief Executive Officer Don Thompson.