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McDonald's global comp sales fall short of estimates

MCD US sales up, global comps down

McDonald's global same-store sales shrank 1.8 percent last month, which was worse than analysts had been expecting.

McDonald's stock ticked lower ahead of the opening bell. (Click here to track its share in premarket trade.)

Global comps were expected to drop 1.20 percent in January, according to a consensus forecast from Consensus Metrix.

Meanwhile, U.S. comps rose 0.4 percent, which was slightly better than the 0.3 percent rise Wall Street had forecast.

The fast-food giant's troubles in its Asian-Pacific Middle East Africa unit continued with sales dropping 12.6 percent as the company continues to face perception issues in Japan and China following a supplier scandal that began in July. The shift in timing of the Chinese New Year also impacted the fast-food giant.

"The China issue right now, that's mainly a supplier issue. That's one that's impacting everybody. I think given time they'll be able to come out of that," said R.J. Hottovy, senior restaurant analyst at Morningstar, told CNBC's "Squawk Box" Monday. "Japan is a bigger issue. That's been a drag on sales for many years for the company. I think that's something that's going to take a lot of constructive repairs."

McDonald's, based in Oak Brook, Illinois, announced last month that Steve Easterbrook will become its new president and CEO, succeeding the retiring Don Thompson.

The Associated Press contributed to this report.