Tuesday, May 8, 2007

UPDATE 1-McDonald's April same-store sales rise 4.8 pct

(Reuters) - CIBC analyst John Glass had been expecting a gain of 5 percent, while RBC Capital Markets analyst Larry Miller had forecast an increase of 3.5 percent, according to research reports.

Total systemwide sales rose 9.6 percent, helped by the weakness of the U.S. dollar, which boosts the value of sales outside the United States. Sales rose 6 percent on a constant currency basis, McDonald's said.


Read more at Reuters.com Market News

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