McDonald's Sales Slip in U.S. - TheStreet

(Updated with stock price and competitor data.)



) --


(MCD) - Get Report

comparable sales rose 0.7% in November, but the fast-food chain continues to remain sluggish domestically.

U.S. sales, which are closely watched by investors, slipped 0.6%, while European sales grew 2.5% during the month. This was the second consecutive month the company posted a decline in the U.S.

In the Asian/Pacific, Middle East and African regions same-store sales fell 1%.

McDonald's also said it expects a benefit of 8 cents a share in the fourth-quarter related to the resolution of certain liabilities.

Shares of the company fell 1.8% to $60.80 in early morning trading.

But McDonald's has still been able to beat out its competitors.

Last week rival

Yum Brands

(YUM) - Get Report

, which owns Taco bell and KFC chains, forecast negative same-store sales across all of its divisions in the fourth quarter. The company predicts comparable sales will tumble 8% in the U.S.

-- Reported by Jeanine Poggi in New York.

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