McDonald's July Sales Rise on U.S. Strength
2004-08-10
McDonald's Corp. (NYSE:MCD) on Monday said worldwide sales at hamburger restaurants open more than a year rose 6.4 percent in July, helped by strong gains in its U.S. business.
The world's largest fast-food chain said same-store sales, a key measure of retail strength, rose 7.8 percent in the United States, its largest market.
Same-sales rose 2.1 percent in Europe, the Oak Brook, Illinois, company's No. 2 market.
Prudential analyst Larry Miller had been expecting U.S. same-store sales to rise between 6.5 percent and 7 percent, and forecast a 3 percent gain in Europe.
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