McDonald’s August Sales Rise 4.9%, Missing Estimates
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McDonald’s Corp., the world’s largest restaurant chain, said comparable-store sales climbed 4.9 percent last month from a year earlier, missing analyst estimates, as demand growth slowed in Europe.
Analysts projected global sales would advance 5 percent, the median of three estimates compiled by Bloomberg. Sales at restaurants open at least 13 months rose 2.2 percent in Europe, hurt by slow demand in France, the company said. Analysts estimated a 4 percent increase.