by winston » Thu Sep 11, 2008 8:35 am
Not vested.
McDonald's (MCD), the nation's No. 1 hamburger chain, said Tuesday its global same-store sales rose 8.5% in August, helped by a big jump in overseas sales.
The company said its U.S. same-store sales jumped 4.5%, driven by the company's breakfast menu, a promotion tied to the Olympics for the Southern Style Chicken sandwich and biscuit, and "everyday affordability" with a focus on beverages. In August, McDonald's priced its Sweet Tea at $1 nationwide.
Most restaurant chains are experiencing slower sales this year as consumers cut back on discretionary spending due to high gas prices, tight credit and the weak housing market. McDonald's – with its dollar menu and fast service – has fared better than most, but the chain has said it is not completely immune to the effects of the economic slowdown.
In Europe, where the economy is also slowing down in some areas, same-store sales climbed 11.6%.
– USA Today
It's all about "how much you made when you were right" & "how little you lost when you were wrong"