McDonald's Corp. (MCD) Reports Same Store Sales Rise of 2.6%
By Daniel James Hayden IV
February 09, 2010 8:56 AM
February 09, 2010 8:56 AM
Symbols: MCD
McDonald's Corp. (NYSE: MCD) reported early Tuesday morning that its same store sales for the month of January were up 2.6% over the same month last year.
Sales were down 0.7% in the U.S. but Europe and the Asia, Middle East, Africa markets turned out to be bright spots with sales rising 4.3% in those areas.
The results applied only to locations that were open for at least 13 months.
In other company news, McDonald's Corp. said that it plans to close 430 restaurants in Japan and will record charges of between $40 million and $50 million to cover the cost of closing the restaurants.
Shares of McDonald's Corp. were up nearly 1% in pre-market trading.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
