Fast food king McDonald's Corporation (
) on Tuesday posted a slightly lower-than-expected rise in August
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
The Bottom Line
Shares of McDonald's (
) 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 (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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