NEW YORK (TheStreet) -- McDonald's reported better-than-expected global comparable sales in May, boosted by strong results in the Asia-Pacific, Middle East and Africa region.
McDonald's (MCD) reported better-than-expected global comparable sales in May, boosted by strong results in Asia.The fast food chain reported worldwide sales at restaurants open at least 13 months rose 0.9% last month, beating analysts' expectations for a gain of 0.8%, according to Thomson Reuters. Same-store sales were strongest in the Asia-Pacific, Middle East and Africa region, rising 2.5% and far surpassing forecasts of 0.7%. Same-restaurant sales also rose 0.4% in Europe, coming in just shy of estimates. The United States, however, continues to be a headwind. Sales in the country fell 1% in May. The company hasn't posted a comp sales gain in the U.S. since last October. McDonald's has been working to promote its value menu offerings and breakfast, especially its McCafe coffee offerings, but the company said it continues to experience "ongoing broad-based challenges." In New York, I'm Brittany Umar for TheStreet. - Written by Brittany Umar in New York.
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