The fast food chain reported that its global same-store sales increased 0.7 percent last month. The sales gain was higher than what analysts estimated, which was for a 0.4 percent increase.
The reading, which measures sales at stores open at least 13 months, showed a 1.6 percent increase in the United States. Analysts called for a 0.3 percent gain.
McDonald’s shares dropped in morning trading but managed to rally by midsession at $98.42 per share. The shares increased 11 percent so far this year. The Standard & Poor’s 500 Restaurants Index went up 18 percent.
http://www.thewestsidestory.net/2013/08/09/mcdonalds-sales-increase-in-july-despite-strikes/