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.


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.