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New York - McDonald's on Thursday reported July sales at its established restaurants around the world that were slightly higher than analysts had projected, as better-than-expected US sales helped offset weakness in Europe.
The world's biggest hamburger chain said global sales at restaurants open at least 13 months rose 0.7%. Analysts had expected a rise of 0.4%, according to Consensus Metrix.
US same-restaurant sales rose 1.6% in July, above the 0.3% gain analysts had anticipated, and the company credited its breakfast offerings and items such as wraps for helping business.
Its shares rose 1.2% to $99.47 in premarket trading.
Outside the United States, McDonald's business was weaker.
European same-restaurant sales fell 1.9%, while analysts had expected a gain of 0.3%. Germany, France and southern Europe were the weakest performers in the region, McDonald's said.
In Asia/Pacific, the Middle East and Africa, same-restaurant sales fell 1.9 percent, a much sharper fall than the 0.3% decline analysts expected.
The world's biggest hamburger chain said global sales at restaurants open at least 13 months rose 0.7%. Analysts had expected a rise of 0.4%, according to Consensus Metrix.
US same-restaurant sales rose 1.6% in July, above the 0.3% gain analysts had anticipated, and the company credited its breakfast offerings and items such as wraps for helping business.
Its shares rose 1.2% to $99.47 in premarket trading.
Outside the United States, McDonald's business was weaker.
European same-restaurant sales fell 1.9%, while analysts had expected a gain of 0.3%. Germany, France and southern Europe were the weakest performers in the region, McDonald's said.
In Asia/Pacific, the Middle East and Africa, same-restaurant sales fell 1.9 percent, a much sharper fall than the 0.3% decline analysts expected.
