UPDATE 2-McDonald's October same-store sales up, U.S. slips

Mon Nov 9, 2009 1:54pm GMT
 
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* U.S. same-store sales fell 0.1 percent

* Worldwide comparable sales rose 3.3 percent

* Europe same-store sales jumped 6.4 percent

* Shares up 0.8 percent to $62.20 in premarket trade (Adds past performance, details, updates stock activity)

CHICAGO, Nov 9 (Reuters) - McDonald's Corp (MCD.N) said sales at U.S. restaurants open at least 13 months fell 0.1 percent in October, as the company's Dollar Menu items, McCafe coffee drinks and new Angus burgers were not enough to drive cash-strapped diners to spend more.

The small dip marked the first time McDonald's same-store sales fell in its home market since March 2008, when such sales declined 0.8 percent. McDonald's said October's 0.1 percent fall outpaced results in the overall industry, which has been struggling to attract consumers dealing with rising unemployment and other financial concerns.

McDonald's had cautioned that U.S. same-store sales could be "flat to slightly negative" in October after rising 2.5 percent in the third quarter.

The world's largest hamburger chain said comparable sales rose 3.3 percent worldwide.

Shares of McDonald's rose 0.8 percent to $62.20 in premarket trading.  Continued...

 

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