McDonald's Same Store Sales (global) up 8.2% in October
McDonald's Same Store Sales (global) up 8.2% in October
McDonald's Corp on Monday said global sales at its fast-food restaurants open at least 13 months rose 8.2 percent in October, topping analysts' targets and sending its shares up more than 2 percent.
Same-store sales, a key gauge of retail health, rose 5.3 percent in the United States, 9.8 percent in Europe and 11.5 percent in the Asia/Pacific, Middle East and Africa (APMEA) division.
RBC Capital Markets analyst Larry Miller said the October results "were above expectations in every division"and that the report's one "negative,"which was not unexpected, was that the impact of foreign exchange has started to turn against the company in its overseas markets.
Same-store sales, a key gauge of retail health, rose 5.3 percent in the United States, 9.8 percent in Europe and 11.5 percent in the Asia/Pacific, Middle East and Africa (APMEA) division.
RBC Capital Markets analyst Larry Miller said the October results "were above expectations in every division"and that the report's one "negative,"which was not unexpected, was that the impact of foreign exchange has started to turn against the company in its overseas markets.
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