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McDonald's Sees Sales Jump in Oct.

Recession? Ronald is lovin' it

By the Associated Press

Posted Nov 10, 2008 12:40 PM CST

(AP) – Consumers worldwide who are watching their spending bought more burgers and chicken breakfast biscuits at McDonald's in October, leading to a big rise in sales at established locations. The corporation said today its global same-store sales jumped 8.2% during the month, beating the company's own prediction for a rise similar last quarter's 7.1% rise.

The results were a bright spot in a dismal month for most restaurant operators. Many sit-down chains reported steep declines in same-store sales during October as consumers grew more anxious about the possibility of a prolonged recession. But US consumers kept spending at McDonald's, sending domestic same-store sales up 5.3%. In Europe they soared 9.8%, and in the Middle East, Asia-Pacific and Africa, they climbed 11.5%.

A McDonalds sign welcomes patrons into the restaurant in Wilmington, Del. in this Jan. 24, 2007 file photo.
A McDonalds sign welcomes patrons into the restaurant in Wilmington, Del. in this Jan. 24, 2007 file photo.   (AP Photo/Chris Gardner, file)
A McDonalds's sign across from Wrigley Field, home of the Chicago Cubs, welcomes fans Thursday, May 24, 2007, on Chicago's North Side.
A McDonalds's sign across from Wrigley Field, home of the Chicago Cubs, welcomes fans Thursday, May 24, 2007, on Chicago's North Side.   (AP Photo/M. Spencer Green)
A sign with the well-known golden arches hangs on a McDonalds restaurant, Tuesday, April 17, 2007, in Chicago.
A sign with the well-known golden arches hangs on a McDonalds restaurant, Tuesday, April 17, 2007, in Chicago.   (AP Photo/Charles Rex Arbogast)
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COMMENTS
Showing 2 of 2 comments
Shannonals
Nov 10, 2008 2:41 AM CST
Ah, we Americans love our comfort foods
Guest
Nov 10, 2008 2:00 AM CST
That had everything to do with the Monopoly game (trying to get rich quick) and nothing to do with looking for savings.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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