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McDonald's U.S. same-store sales beat expectations

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By Reuters
McDonald's U.S. same-store sales beat expectations
FILE PHOTO: The logo of a McDonald's Corp restaurant is seen oto in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson/File Ph   -   Copyright  Lucy Nicholson(Reuters)
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(Reuters) – McDonald’s Corp <MCD.N> reported a stronger-than-expected rise in sales at established U.S. restaurants on Friday, as the world’s largest burger chain benefited from national and local deals, including the 2 for $5 Mix and Match offer.

Sales at U.S. restaurants open for at least 13 months rose 5.7% in the second quarter ended June 30, above the 4.47% growth expected by analysts, according to IBES data from Refinitiv.

Total revenue, including both U.S. and overseas operations, was largely flat at $5.34 billion (£4.29 billion), as the company moves to franchised from owned restaurants, which replaces sales with royalties.

Still, McDonald’s slightly exceeded expectations of $5.33 billion.

(Reporting by Aishwarya Venugopal and Nivedita Balu in Bengaluru; Editing by Tomasz Janowski; Editing by Tomasz Janowski)

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