Tuesday, November 11, 2008
McDonald's same-store sales rise 8.2 percent
By LAUREN SHEPHERD –
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. "Read More"
It costs money to eat healthy (really) and fast food makes you full (carbs & grease baby) and then throw in the "Dollar Menu" and you have a combo meal suited for double digit growth.
Next thing you know they'll start charging for "water"