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McDonald's Same Store Sales Rise 6.2%

McDonald's said global sales at its hamburger restaurants open at least 13 months rose 6.2% in November as its Snack Wraps and promotions with family games such as Monopoly brought in customers.

Two Wall Street analysts had expected a rise of about 4.5 percent at the largest worldwide restaurant company, according to research notes.

In the United States, McDonald's primary market, same-store sales rose 5.1 percent, driven by a popular Snack Wrap -- a chicken-filled tortilla -- and breakfast offerings.

In Europe, McDonald's same-store sales were up 8.4%, with particular strength in Germany and France.

Systemwide sales rose 10.5%. Stripping out the effect of foreign currency, sales were up 7.2 percent, the Oak Brook, Illinois-based company said.

Shares of McDonald's, which has 30,000 stores in more than 100 countries, closed at $43.28 on Thursday.

The stock is selling for 16.9 times next year's expected earnings, compared with an average 20.4 times for companies in the Standard & Poor's restaurant index.

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