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McDonald’s August’s Sales Up 1.9%

The world’s largest burger chain, McDonald’s Corp. (NYSE: MCD) said on Tuesday that global sales rose 1.9% in August, driven mainly by revival in its European business, which offset weakness in other markets, including the U.S. The result was better-than-expected. Analysts were anticipating an increase of 0.3%. In Europe, same-store-sales increased 3.3% while analysts had forecasted a drop of 0.1%. Same-store-sales in the U.S. edged up 0.2%, which was below analysts’ forecast of 0.8% gain. Same-store-sales in Asia Pacific, The Middle East and Africa, slipped 0.5% while analysts’ had expected a 1% drop.

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