This story has been updated from 8:59 am EST to include consensus estimates in the third paragraph and updated stock price.
NEW YORK (TheStreet) - McDonald's (MCD) global same store sales inched 0.5% higher last month, however its U.S. business saw sales decline, despite its focus on breakfast, chicken menu items and expanded value offerings.
The Oak Brook, Ill.-based fast-food chain, which saw November same-store sales in the U.S. fall 0.8%, said that ongoing competitive activity as well as flat industry traffic trends negatively impacted performance.
Consensus estimates were calling for global same store sales to rise 0.6%. In the U.S., sales were expected to rise 0.3%, according to Consensus Metrix.
As of Nov. 30, company's same-store sales are up just 0.4% for the year compared to 3.4% in the same time period in 2012.
Shares were falling 0.80% to $96.02 after the markets opened on Monday.
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