McDonald’s restaurants operator and franchisee McDonald’s Corporation (NYSE:MCD) saw its stock jump as much as 8 percent before the market opening to US$110.70, or US$8.16 higher from Wednesday’s close.
The New York Stock Exchange-listed company’s stock gained in after hours trading after McDonald’s announced that its sales at established US locations edged up during the July-September quarter.
In the US, McDonald’s reported that its sales rose 0.9%, breaking the two years of quarterly declines. The company also said that sales at its established global locations rose 4 percent.
McDonald’s Corporation operates and franchises McDonald’s restaurants. McDonald’s global system comprises both Company-owned and franchised restaurants.
The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Company’s operations in Canada and Latin America, as well as its corporate activities are reported under Other Countries & Corporate. – BusinessNewsAsia.com