McDonalds Sees 8.2 Percent Sales Increase

November 10. 2008

McDonalds has seen a slight increase in sales, when other restaurants didn't, especially its dollar menu, among other things. I would like to think my websites and its several hundred thousand readers per month, who read it directly and through other linking sites, helped with that sales increase, after the McDonald’s dollar menu was recommended last month.

McDonald's same-store sales rise 8.2 percent

Monday November 10, 10:25 am ET - McDonald's same-store sales rise 8.2 percent in October as consumers seek value

NEW YORK (AP) -- Consumers worldwide who are watching their spending bought more burgers and chicken breakfast biscuits at McDonald's in October, leading to a big rise in sales at established locations for the fast-food leader.

McDonald's Corp. said Monday its global same-store sales jumped 8.2 percent during the month. That beat the company's own prediction for a rise similar to the one it recorded in its last quarter, when same-store sales, or sales at locations open at least a year, jumped 7.1 percent worldwide.

The results were a bright spot in what was a dismal month for most restaurant operators. Many sit-down chains have reported steep declines in same-store sales during October as consumers grew more anxious about the possibility of a prolonged recession.

But U.S. consumers kept spending at McDonald's, even as Congress passed a bill to bail out the economy and credit markets froze.

Same-store sales rose 5.3 percent in the United States, helped by new menu items, including the Southern Style Chicken sandwich, and continued demand for breakfast items. The company's popular Dollar Menu and its annual Monopoly promotion also drew in value-hungry consumers.

http://biz.yahoo.com