
McDonald's Systemwide Sales Rose 1% in October
McDonald's
(MCD) - Get Report
said systemwide sales edged up 1% in October to $3.35 billion from $3.34 billion, but were dragged down by weaker foreign currencies.
On a constant-currency basis, overall systemwide sales for the month of October rose 6%.
Sales in Europe fell 13% to $759.3 million from $867.9 million last year, but would have grown 6% if foreign currency fluctuations were taken into consideration. U.S. sales were up 2% to $1.65 billion from $1.62 billion in the year-ago period.
The fast-food company also said same-store sales fell slightly in the month, citing the impact of fewer weekend days in October than in the year-ago period.
Shares of McDonald's were recently up $1.19, or 3.7%, to $32.94 in
New York Stock Exchange
composite trading.