Enter multiple symbols separated by commas

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.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.