McDonald's announces 8.2 percent sales rise

Photo: McDonald's announces 8.2 percent sales rise

McDonald's announces 8.2 percent sales rise

McDonald's Corp. said Monday its global same-store sales rose 8.2 percent in November.

Same-store sales, or sales at restaurants open at least thirteen months, is a key indicator of retailer performance since it measures growth at existing restaurants rather than newly opened ones.

Every global region contributed to the strong sales performance.

U.S. same-store sales rose 4.4 percent, boosted by sales of coffee, breakfast items and Dollar Menu selections.

In Europe, same-store sales grew 10.8 percent, helped by sales of premium burgers and chicken products in Germany, the U.K. and France.

In Asia/Pacific, Middle East and Africa, same-store sales rose 12 percent on strong sales in Japan, Australia and China, McDonald's said.

Systemwide sales rose 16.3 percent during the month ended Nov. 30.

Year-to-date, same-store sales rose 7 percent and systemwide sales rose 11.9 percent.

McDonald's shares rose $1.03, or 1.7 percent, to $61.19 in morning trading after briefly matching the all-time high of $61.29.