McDonald’s growth disappoints

McDonald’s reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan. Worldwide November sales at restaurants open at least 13 months were up 4.8 per cent. In the US, sales were up 4.9 per cent. Wall Street had expected global sales to rise 5.6 per cent and US sales to increase 5.1 per cent. Same-restaurant sales in Europe were up 4.9 per cent, while sales in the Asia/Pacific, Middle East and Africa unit rose 2.4 per cent.