Mixed Month at McDonald's - TheStreet


(MCD) - Get Report

slipped early Tuesday after the fast-food giant reported mixed results in February, while notching its 22nd consecutive increase in overall same-store sales.

Overall sales increased 4.4%, while same-store sales increased 1.6%. U.S. comparable sales rose 4.6%.

In Europe, same-store sales declined 3.4%; German results were weak, reflecting what the company called "ongoing economic challenges." Sales in the Asia/Pacific, Middle East and Africa unit rose 1.7%.

Year-ago results included one extra day because of the leap year.

"The ongoing strength of the strategic U.S. menu, marketing and service initiatives, as well as strong consumer response to our nationally advertised Chicken Selects sampling event, contributed to the monthly performance," the company said in a statement.

In premarket trading, shares were at $33.93, down 28 cents, or 0.8%, but still near their recent 52-week high.