Reuters: Global Markets: McDonald's May sales rise 2.6 percent; shares up

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McDonald's May sales rise 2.6 percent; shares up Jun 10th 2013, 12:31 Tweet Share this Email Print Related News McDonald's May sales rise 2.6 percent 8:02am EDT Guess forecasts strong sales this quarter; shares rise Thu, May 30 2013 Sears losses mount, weighs sale of unit to shore up liquidity Thu, May 23 2013 Related Topics Hot Stocks » Asian Markets » A man holds a tray of food at a McDonald's restaurant in Times Square, New York in this May 31, 2012 file photo. Credit: Reuters/Mike Segar/Files Mon Jun 10, 2013 8:31am EDT (Reuters) - McDonald's Corp (MCD.N) said sales at its established restaurants around the world rose 2.6 percent in May as it expanded offerings for late-night breakfasts, tweaked other menus and benefited from advertising value-priced meals. Analysts polled by Consensus Metrix had expected a 1.9 percent rise in global sales at restaurants open at least 13 months. McDonald's shares rose 2 percent to $100.50 in premarket trading on Monday. Sales at restaurants open at least 13 months rose 2.4 percent in the United States, while they rose 2 percent in Europe and 0.9 percent in the Asia/Pacific, Middle East and Africa (APMEA) region. Analysts polled by Consensus Metrix expected comparable-restaurant sales to increase 2.1 percent in the United States, 1.2 percent in Europe and 1.5 percent in APMEA. The overall global result was better compared with April, when same-restaurant sales slipped 0.6 percent. During that month, an unexpected 0.7 percent gain in the United States was offset by a 2.4 percent fall in Europe and a 2.9 percent drop in the APMEA region. Resurgent rivals like Burger King Worldwide (BKW.N) and Wendy's Co (WEN.O) have chipped away at McDonald's lead by rolling out a broad variety of special menus and value deals. They have also copied its successful business strategies, ranging from restaurant renovations to extended hours. McDonald's has countered by introducing new products such as chicken McWraps and egg white McMuffins. It is also expanding its test of a late-night breakfast menu and eliminating some items, including Angus burgers and its fruit & walnut salad. McDonald's shares, which have risen 9 percent this year, closed at $98.28 on the New York Stock Exchange on Friday. (Reporting by Lisa Baertlein in Los Angeles and Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) great food and healthy.doctors recommend at least one meal every day accompanied with coka cola Jun 10, 2013 9:06am EDT  --  Report as abuse See All Comments » Add Your Comment

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