(Reuters) - McDonald’s Corp (MCD.N) reported a weaker-than-expected 3.7 percent rise in August sales at established restaurants around the world on Tuesday, as austerity measures in Europe and global economic volatility weighed on results.
Analysts polled by Consensus Metrix were expecting a gain of 3.9 percent at restaurants open at least 13 months for the world’s largest hamburger chain.
The results show a rebound from July, when McDonald’s had flat same-restaurant sales around the world on slight declines in all three of its major regions. That was its worst performance in more than nine years.
August same-restaurant sales were up 3 percent in the United States and up 3.1 percent in Europe. Analysts had expected a 3.1 percent rise for the United States and a 3.3 percent increase in Europe.
Europe is McDonald’s No. 1 market for sales, just edging out the United States. The positive results in the UK, France and Russia were slightly offset by weakness in Germany and certain Southern European markets, the company said on Tuesday.
Same-restaurant sales from the Asia/Pacific, Middle East and Africa region were up 5.7 percent, while analysts expected a 4 percent gain.
Shares of McDonald’s were up 0.5 percent at $91.78 in trading before the market opened.
Reporting by Lisa Baertlein in Los Angeles and Dhanya Skariachan in New York; Editing by Gerald E. McCormick and Lisa Von Ahn