BUSINESS BRIEFING / RESTAURANTS
TIMES WIRE REPORTS
Sales of new espresso-based coffee drinks and chicken Snack Wraps helped boost McDonald’s Corp.’s global sales by 6.9% in April.
Same-store sales, or sales in stores open at least 13 months at the chain, rose 6.1% in the U.S. The increase comes even as the recession keeps consumers from spending on meals out.
McDonald’s has benefited from consumers’ desire to save cash because its meals are typically less expensive than those at sit-down chains. Most restaurant companies other than fast-food businesses have seen sharp declines in same-store sales in the last few months as consumers cut back.
