McDonald's Trading Higher Amid Increasing European Sales

Shares of McDonald’s Corporation MCD are trading higher by $0.56 to reach $96.11 in Monday’s pre-market session. The catalyst for the rally is a less than expected decline in its global same-store sales. McDonald’s European sales gained 2.3 percent, offsetting the 2.2 percent decline in U.S. sales.

Same-store sales combining both domestic and international fell 0.3 percent in May, representing a 12-month straight decline. Same-store sales of the stores opened for 13 months (or more) fell 2.2 percent in May, the fourth straight month of downturn. Starting in July, McDonald’s will no longer report monthly sales.

McDonald’s stock price has fairly steady, up nearly 2 percent year-to-date.