Global fast food chain, McDonald's Corp. reported same-store sales for February exceeding analyst expectations. Shares of McDonald's rose $2.78 or 1.77% to $64.72 on the Dow Jones Industrial index today.
The company announced that comparable sales for the month increased by 4.8 percent as international McDonald’s locations pushed up numbers. Analysts had expected sales gains of 2.1 for the month.
Domestic sales of McDonald’s have been harder hit than expected during the recession though numbers have been bolstered by success overseas and by the company’s addition of McCafe a line of coffee and espresso drinks.
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