This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

McDonald's November Sales Rise 7.4% (Update 1)

Updated with analyst comment and comparison to competitors.

NEW YORK (TheStreet) -- McDonald's (MCD) said global comparable-store sales in November rose 7.4%, which beat analysts' consensus estimates of 4.6%.

November was the 103rd consecutive month with positive global comparable-store sales growth and Wells Fargo analysts in a recent report noted McDonald's "impressive track record."

Sales in Asia, the Middle East and Africa jumped 8.1%. Comparable-store sales in both Europe and the United States rose 6.5%.

Growth in the East was led by Japan and China. In the U.S., seasonal peppermint mocha drinks as well as a chicken nugget promotion helped boost growth.

McDonald's comparable-store sales in October rose 5.5%; again Asia, the Middle East and Africa were the leading regions.

McDonald's sales boost in November carries on from 5% sales growth in the third quarter, which ended Sept. 30. For comparison, Pizza Hut, KFC and Taco Bell-operator Yum! Brands (YUM) had 6% worldwide sales growth in the third quarter; Yum's same-store sales in China jumped 19%.

Starbucks' (SBUX) global comparable sales rose 9% in the fourth quarter ended Oct. 2, with 10% of that increase coming from the U.S. and 6% from international sales.

"[McDonald's is] doing much better than Burger King, or Wendy's (WEN), but not quite as good as Starbucks' 9.0% comps in its most recent quarter," said Argus Research analyst John Staszak, who added, "Don't get me wrong, though, 7.4% is a strong showing."

Wells Fargo rates McDonald's at market perform and estimates fiscal year 2012 earnings per share at $5.68 per share. Goldman Sachs considers McDonald's a buy with a 12-month price target of $103.

McDonald's shares rose 1.4% in trading Thursday to $97.84.

-- Written by Alexandra Zendrian



>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

Stock quotes in this article: MCD, SBUX, YUM, WEN 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs