Dec. 8 (Bloomberg) -- McDonald’s Corp., the world’s largest restaurant chain, said comparable-store sales rose 4.8 percent last month owing to strength in the U.S. and Europe.
Analysts projected sales would rise 5 percent. Sales increased 4.9 percent in Europe, the Oak Brook, Illinois-based company said today in a statement, helped by a drive to modernize restaurants there.
Sales rose the same amount in the U.S., where Chief Executive Officer Jim Skinner has been luring customers with the McRib sandwich and new menu items.
Sales advanced 2.4 percent in Asia, Africa and the Middle East, the worst performance since December, 2009.
Comparable, or same-store sales, include locations open at least 13 months. This kind of revenue is a key indicator of growth because new and closed locations are excluded.
McDonald’s fell $1.60, or 2 percent, to $78.74 at 4 p.m. in New York Stock Exchange composite trading. The stock has gained 26 percent this year, compared with a 10 percent increase for the Standard & Poor’s 500 Index.
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