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BUSINESS BRIEFING / RESTAURANTS

Dollar items lift McDonald's sales

November 11, 2008|Times Wire Services

McDonald's Corp., the world's largest restaurant company, posted October sales that beat some analysts' estimates after U.S. consumers, pinched by rising food bills and unemployment, bought double cheeseburgers and other $1 items.

Global sales at restaurants open at least 13 months climbed 8.2%, paced by Europe's gain of 9.8% compared with a year earlier. U.S. same-store sales increased 5.3%, the Oak Brook, Ill., company said.

The Oct. 7 return of a Monopoly game promotion offering cash and gift cards helped U.S. sales.

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