New York: McDonald’s Corp reported a 3.1% rise in May sales at established restaurants, but in the United States, the gains were more modest than expected and its shares fell 1.7% in premarket trading.
The world’s biggest hamburger chain on Wednesday said sales at restaurants open at least 13 months rose 2.4% in the United States.
Same-restaurant sales were up 2.3% in Europe and 4.3% in its Asia/Pacific, Middle East and Africa (APMEA) unit.
Analysts polled by Thomson Reuters were expecting May same-restaurant sales to rise 2.8% in the United States, 4.2% in Europe and 3.4% in APMEA, according to Thomson Reuters I/B/E/S.
Shares fell $1.39 in premarket trading from a close on Tuesday of $81.14.