Bengaluru — McDonald’s topped global same-restaurant sales estimates for the second quarter on Thursday, with strength in international markets helping offset weakness in the US. Shares of the Dow component slipped 0.2% in pre-market trading at $158.50 after it missed estimates for sales at its established US restaurants. Restaurant chains in the US have been fighting for a bigger share of a slow-growing restaurant marketplace by offering dollar menus, discounts on beverages, and limited-time menu items, as well as freshly prepared meals to diners. McDonald’s quarterly sales at its US restaurants open for at least 13 months rose 2.6%, missing the average analyst estimate of 2.96% rise. In contrast to its slowing US business, same-store sales for the company’s international lead markets — comprising Australia, Canada, France, Germany and the UK — rose 4.9%, trouncing analysts’ expectation of a 3.94% gain. This helped McDonald’s worldwide sales at stores open at least 13 months to ris...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.