McDonald's Sales Increase 8.2%, Surpassing Estimates

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McDonald's Sales Increase 8.2%, Surpassing Estimates

December 10, 2007
Source
Bloomberg
McDonald's Corp., the world's largest restaurant company, said November sales rose 8.2 percent, exceeding analysts' estimates, as customers bought coffee in the U.S. and chicken sandwiches in Europe and Asia. The stock jumped 1.4 percent to a record.

Sales in U.S. restaurants open at least 13 months advanced 4.4 percent, while comparable sales rose 10.8 percent in Europe, Oak Brook, Illinois-based McDonald's said today in a statement. The median global sales estimate among three analysts surveyed by Bloomberg News was a 5 percent gain.

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    McDonald's is the leading global foodservice retailer with more than 34,000 local restaurants serving nearly 69 million people in more than 118 countries each day. 

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