McDonald’s 3.1% Sales Increase for May Misses Estimates
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McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months rose 3.1 percent in May, falling short of analysts’ estimates as U.S. consumers pulled back spending.
Analysts projected same-store sales would advance 3.6 percent, according to the median of six estimates compiled by Bloomberg News. U.S. sales advanced 2.4 percent, the Oak Brook, Illinois-based company said today in a statement, the slowest monthly growth since February 2010.