I'm Lovin It! McDonald's Reports Strong August Sales (MCD)

McDonald's MCD reported strong August same-store-sales (SSS) that were seen as better than expected. McDonald's Corporation today announced global comparable sales growth of 4.9% in August. Sales in the United States were up 4.6%, Europe was up 2.2% and Asia/Pacific, Middle East and Africa was up 7.8%. "Giving our customers a unique balance of food and beverage choices is driving performance in every area of the world," said McDonald's Chief Executive Officer Jim Skinner. "We're offering new menu items and classic favorites, including premium and value selections, all for our customers to enjoy in our convenient, contemporary restaurants. We intend to continue our momentum by further enhancing the McDonald's experience and giving customers even more reasons to visit." Shares of McDonald's are slumping in pre-market trading, losing $1.28 to trade at $74.80.