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McDonald's Comparable Sales Rise 8.2% in November

McDonald's said sales at restaurants open at least 13 months rose 8.2 percent in November, helped by the strength of its breakfast business.

McDonald's
AP
McDonald's

Shares of the world's largest fast-food company rose almost 2 percent on the data.

Same-store sales, a key retail measure, rose 4.4 percent in the United States, lifted by sales of breakfast, premium roast coffee and chicken snack wraps, the company said.

Same-store sales climbed 10.8 percent in Europe, helped by a new chicken sandwich in Britain and a game promotion in France, McDonald's said.

In the company's Asia/Pacific, Middle East and Africa unit, same-store sales were up 12 percent in the period, lifted in part by breakfast sales in China, which account for about 6 percent of sales in that country, McDonald's said.

The stock trades at about 19 times estimated 2008 earnings, compared with a multiple of 18.7 for the entire Dow Jones U.S. restaurant and bars index.

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