McDonald’s May sales rise 3.1 per cent
US fast food giant McDonald’s has reported a 3.1 per cent rise in May sales at established restaurants, but gains were more modest than expected in its core US market and its shares fell 1.7 per cent in premarket trading.
The world’s biggest hamburger chain said sales at restaurants open at least 13 months rose 2.4 per cent in the US.
Same-restaurant sales were up 2.3 per cent in Europe and 4.3 per cent in its Asia/Pacific, Middle East and Africa (APMEA) unit.
Analysts polled by Thomson Reuters were expecting May same-restaurant sales to rise 2.8 per cent in the US, 4.2 per cent in Europe and 3.4 per cent in APMEA.
Shares fell $1.39 (£0.85) in premarket trading from a close on Tuesday of $81.14.