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McDonald's Sales Rise 6.9% in April

McDonald's Corp reported a 6.9 percent rise in April sales at restaurants open at least 13 months, as strength in the United States helped offset the impact of the stronger dollar.

McDonald's
AP
McDonald's

April same-store sales rose 6.1 percent in the U.S., helped by new coffee drinks and chicken snack wraps.

Shares of the company , which is one of the restaurant industry's top performers due in large measure to its Dollar Menu, were up 2 percent at $54.60 in premarket electronic trading.

Fast-food restaurants have generally held up better in the recession than higher-priced sit-down restaurants.

But even fast-food sellers have not been immune to the impact of the downturn. The U.S. fast-food industry saw its first quarterly traffic decline since 2003 in the quarter ended in February, according to market research company NPD Group.

The stronger dollar, which lessens the dollar-value of sales made overseas, led to an overall 1 percent decline at worldwide McDonald's restaurants, the company said. Sales rose 8.9 percent in constant currencies.

Same-store sales rose 8.4 percent in Europe, helped by the shift of the Easter holiday to April from March, while same-store sales in the company's Asia/Pacific, Middle East and Africa segment rose 6.5 percent.