McDonald's same-store sales January rise 7.1%
McDonald's same-store sales January rise 7.1%
McDonald's Corp on Monday posted a better-than-expected 7.1 percent rise in global January sales at restaurants open at least 13 months, driven by strength in nearly all of its markets.
McDonald's and other fast-food restaurants have benefited as a global economic downturn sent diners to lower-priced fare.
The restaurant's shares were up 1.5 percent on the results while rivals Burger King Holdings Inc (BKC.N) and Wendy's/Arby's Group (WEN.N) were down 1.8 percent and 2.0 percent, respectively.
"2009 is off to a good start for McDonald's,"Chief Executive Jim Skinner said in a statement.
McDonald's and other fast-food restaurants have benefited as a global economic downturn sent diners to lower-priced fare.
The restaurant's shares were up 1.5 percent on the results while rivals Burger King Holdings Inc (BKC.N) and Wendy's/Arby's Group (WEN.N) were down 1.8 percent and 2.0 percent, respectively.
"2009 is off to a good start for McDonald's,"Chief Executive Jim Skinner said in a statement.
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