McDonald’s Worldwide Sales Rise

In the third quarter, McDonald’s reported that worldwide increased by 4% due to the recoveries in the U.S. and China. McDonald’s is currently in a plan that was implemented to encourage year-long sales by introducing breakfast all day. McDonald’s, which recently introduced a new reporting structure, said same-store sales for its “high growth markets” increased 8.9%, driven by “very strong” sales performance in China and positive sales in most other markets. In assessing its sudden strength in China, where it has had trouble winning back customers since since a food safety scandal with a meat supplier over a year ago, McDonald’s pointed to its emphasis on value and breakfast offerings during the quarter. McDonald’s numbers have surpassed market analysts at the ceiling and floor. Revenue was reported at 6.62billon dollars, which is a 5% drop, but beat the 6.41 billion dollar for estimated high.