McDonald's same-store sales up 1.4 percent in February
McDonald's same-store sales up 1.4 percent in February
McDonald's Corp (MCD.N) posted a 1.4 percent rise in February sales at restaurants open at least 13 months, as strength in the United States helped offset the impact of the stronger dollar.
Shares in the company -- one of the restaurant industry's top performers -- were up 1.2 percent in morning trade.
The company booked higher sales despite having one fewer day in February, since 2008 was a Leap Year. The loss of that one day cut about 4 percentage points from same-store sales, the company said on Monday.
Still, McDonald's cautioned that at current currency exchange rates the stronger dollar would cut first-quarter earnings by 7 to 9 cents a share.
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