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
Updated with analyst comment and comparison to competitors.
NEW YORK (
McDonald's(MCD - Get Report) 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 - Get Report) had 6% worldwide sales growth in the third quarter; Yum's same-store sales in China jumped 19%.
Starbucks'(SBUX - Get Report) 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 - Get Report), 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:
>To submit a news tip, send an email to:
>To follow the writer on Twitter, go to