August sales up at McDonald's

McDONALD&rsquo;S August sales at existing restaurants rose 2.2 per cent globally, the group said yesterday, as strength in Europe partly offset weakness in the US and its outlets in other parts of the world.<br /><br />Closely watched same-store sales rose 3.5 per cent in Europe, helped by the UK and France.<br /><br />They were up 1.7 per cent in the US, where intense fast-food price competition weighed on results.<br /><br />Analysts estimates had called for a same-store sales increase of as much as three per cent globally. Shares of the firm fell 1.6 per cent yesterday.