McDonald’s April Same-Store Sales Rise 4.9%, Beating View (MCD)
Fast food king McDonald’s Corporation (MCD) said Monday that its combined April same-store sales rose a better-than-expected 4.9%, sending its shares higher in premarket trading.
The company said that U.S. same-store sales rose 3.8%, with Europe posting a 5.3% rise. The Asia/Pacific, Middle East and Africa region saw a 3.9% jump.
Same-store sales are considered a key indicator of a restaurant chain’s health, since they measure the performance of stores open at least one year.
McDonald’s shares rose $1.84, or +2.7%, in premarket trading Monday.
The Bottom Line
We have been recommending shares of MCD since Aug.12, when the stock was trading at $56.02. The company has a 3.23% dividend yield, based on Friday’s closing stock price of $68.01.
McDonald’s Corporation (MCD) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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