MCD -30.10 ask - still a buy lt
McDonald's same-store sales up 2.8%
By Dan Burrows, MarketWatch
Last Update: 1:14 PM ET May 9, 2005
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NEW YORK (MarketWatch) -- McDonald's Corp. said Monday that April same-store sales, or sales generated at restaurants open at least a year, rose 2.8% globally and 4.7% in the U.S.
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McDonald's (MCD: news, chart, profile) net sales advanced 6.7% for the month, or 2.8% excluding currency benefits.
The Oak Brook, Ill., fast-food giant said same-store sales in Europe dipped 0.7% against a 5% increase in the year-earlier period. The shift of the Easter and related school holidays into March from April last year hampered results, the company said.
"We also continue to face a challenging operating environment in Germany and the United Kingdom," said Chief Executive Jim Skinner, in a statement.
Same-store sales in the Asia/Pacific, Middle East and Africa operations grew 1.6%, as strength in Australia, Japan and Taiwan partially offset weakness in China, the company said.
McDonald's, a Dow Industrials component, saw its stock add 61 cents, or 2.1%, to $29.99 in recent trading. |
