Illinois based fast food giant McDonald’s has reported a 3.4 percent increase in sales at its hamburger restaurants in August. McDonald’s stocks also moved up on the bourses due to its new line of offerings- high priced chicken sandwiches, which were in strong demand in the US. This is despite 130 McDonald’s restaurants remaining closed, as on September 5th, due to the impact of hurricane Katrina. The 3.4 percent increase in sales is being attributed to strong sales in France and Germany, which have offset weak sales in the UK…
Source: IIPM Publication
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