"Europe can turn [McDonald's] around because of the fact that the dollar has peaked and they're little bit wealthier over there and then the U.S. will take care of itself if [CEO Steve] Easterbrook gets back to basics," Cramer said on CNBC's "Squawk on the Street."
Cramer made his remarks after the fast-food giant reported a 1 percent growth in European same-store sales during the month of April. Analysts expected a 0.1 percent slide in European comps, according to StreetAccount.
The company also reported that global same-store sales lowered 0.6 percent last month, while analysts expected a 1.9 percent drop, according to StreetAccount.
McDonald's stock was up 2 percent in morning trading. Click here to see where the stock is trading now.