McDonald's Same-Store Sales Slow In August; Up 2.2%

McDonald's Corp.'s (MCD) same-store sales rose 2.2% in August, with slowing growth in the U.S. highlighting the fast-food chain's sensitivity to high unemployment and a fierce discounting war.

Same-store sales rose 1.7% in the U.S., less than analysts had expected. McDonald's other regions faced tough year-ago comparisons, but Europe outperformed still, with same-store sales up 3.5% in August. Sales fell 0.5% in the Asia/Pacific, Middle East and Africa region, with China and Japan market weighing on results.

Shares fell 2.1% premarket to $55. The stock through Tuesday's close was down 9.6% this year after being only one of two Dow industrial components to rise in 2008.

Read Full Article from CNNMoney.com

- Posted: 2009-09-09 10:36:17

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