McDonald’s Global Same-Store Sales Rise 3.1% in August (MCD)

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Fast food king McDonald's Corporation ( MCD ) on Tuesday posted a slightly lower-than-expected rise in August comparable sales.

The Oak Brook, IL-based company said that August same-store sales rose 3.7% globally. Same-store sales are an important metric used to measure a retailer's performance, since they only take into account sales at stores open at least one year.

On average, Wall Street analysts expected a higher 3.89% global rise in August comps.

The breakdown for MCD's same-store sales in its geographic segments are as follows:

  • U.S. comps rose 3%,
  • Europe comps rose 3.1%, and
  • Asia/Pacific, Middle East and Africa comps grew 5.7%.

Combined sales for all restaurants in all geographic regions 1.2% from last year. Excluding the impact of foreign currency moves, sales would have gained 6.2%.

McDonald's shares rose 70 cents, or +0.8%, in premarket trading Tuesday.

The Bottom Line
Shares of McDonald's ( MCD ) have a 3.07% dividend yield, based on last night's closing stock price of $91.30. The stock has technical support in the $87-$88 price area. If the shares can firm up, we see overhead resistance around the $92-$94 price levels.

McDonald's Corporation ( MCD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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