McDonald’s key revenue metric rises in August
Oak Brook-based McDonald’s Corp. says a key revenue figure rose 1.9 percent in August, driven by a strong performance in Europe and its Monopoly promotion in the United States.
The hamburger chain reported the gain in revenue at stores open at least 13 months for the period ended Aug. 31.
This figure is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed.
The metric rose 3.3 percent in Europe, led by the U.K., France and Russia. In the U.S., the metric edged up 0.2 percent. It fell 0.5 percent for the Asia Pacific region, Middle East and Africa.
McDonald’s shares rose 35 cents to $96.80 in premarket trading Tuesday.
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