McDonald's Sales Higher Than Expected, Shares Sizzle
Posted on March 08, 2013 at 11:54 AM EST
McDonald's (MCD) February sales fell 1.5% from last year, less than the 1.63% expected drop, sending shares up in early trading. The sales figure indicates that consumer spending in restaurants is holding up heading into spring. The world's biggest restaurant chain attributed the decrease in global comparable sales, those at established restaurants, to 2012 being a leap year. Factoring out the extra day in February last year, sales last month were