This Restaurant Doing Well in Recession

Previous Entry | Next Entry
| | Comments (0) |

No surprise here.


NEW YORK (AP) -- Consumers hungry for cheap meals boosted worldwide sales at McDonald's Corp.'s established locations by 7.7 percent in November, more proof of how the fast-food leader is thriving in a downturn that has eaten into sales at its competitors.

Even recession-weary consumers in the U.S. were enticed by the Golden Arches during the month. U.S. same-store sales -- or sales at locations open at least a year -- rose 4.5 percent from the same month a year earlier, the company said Monday.

The Oak Brook, Ill.-based chain said the increase came from strong sales of breakfast items, chicken sandwiches and the chain's value menu options. It comes even as U.S. consumers increasingly opt for eating at home to conserve cash.

Leave a comment


Type the characters you see in the picture above.

About this Entry

This page contains a single entry by Muhammed El-Hasan published on December 8, 2008 1:36 PM.

New Aerospace Industry Leader was the previous entry in this blog.

Chemical Firm to Cut Jobs is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.25

About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

Subscribe to RSS feed

Advertisement