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McDonald's Corp. (MCD)

Sector:

Food Products

Index:

Dow Jones I.A.

Market Cap

$64,266m

Change Today

Price Up$2.09 ()

Share Price

$55.15

McDonald's sales boosted by new products

Date: Thursday 08 May 2008

LONDON (ShareCast) - Hamburger giant McDonald’s boosted like-for-like sales by 5% in April as new products and its breakfast menus enticed more customers to the chain.

Like-for-like sales for the year so far are up by 6.8% and all geographic areas showed an improvement. Sales rose by 2% in the US, 6.3% in Europe led by France, the UK, Russia and Germany and by 7.8% in Asia Pacific, Middle East and Africa.

Total sales across McDonald’s worldwide restaurants and franchises increased 13.7% in April, or 6.5% in constant currencies.

"We're listening to our customers and giving them what they expect from McDonald's – menu variety, enhanced convenience and everyday value. This ongoing customer focus and execution through our Plan to Win is driving the sustained momentum of our global business,” chief executive Jim Skinner said.

McDonald's said the launch of a premium burger in France and Germany plus a Monopoly promotion in the UK boosted sales in those countries.


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MCD Market Data

Currency US Dollars
Share Price $55.15  
Change Today $2.09
52 Week High $66.00
52 Week Low $50.75
Volume 20,693,646
Shares Issued 1,165.30m
Market Cap $64,266m
Beta 0.65
RiskGrade 238

What The Brokers Say

Strong Buy 10
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCD Dividends

No dividends found

Trades for --n/a

Time Volume / Share Price
16:01 795,000 @ $55.15
16:01 34,600 @ $55.15
15:59 100 @ $55.10
15:59 400 @ $55.10
15:59 100 @ $55.11

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