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McDonald’s August Same-Store Sales Rise Less than Expected (MCD)

Fast food king McDonald's Corporation ( MCD ) on Friday reported disappointing August same-store sales numbers, sending its shares lower in premarket trading.

The Oak Brook, IL-based company reported August same-store sales gains of 3.5% on a global basis, which is less than the 4.3% analysts were expecting.

In the U.S., comparable sales rose 3.9% (analysts expected 4%) and 2.7% percent in Europe (analysts wanted 4.7%). Same-store sales actually fell 0.3% in the Asia/Pacific, Middle East and Africa region (analysts expected a 3.5% gain).

McDonald's shares fell $2.10, or -2.4%, in premarket trading Friday.

The Bottom Line

Shares of McDonald's ( MCD ) have a 2.75% dividend yield, based on last night's closing stock price of $88.61. The stock has technical support in the $82-$84 price area. The stock is trading near all-time highs of $91-$92 a share.

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 Nasdaq, Inc.

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

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