McDonald's

MCD has Strong JulyFriday August 8, 2:24 pm ET By Jim Giaquinto
Consumers may be pulling back on their eating-out habits during this tough economy, but many have made an exception for McDonald's (NYSE: MCD - News). The fast-food staple announced that same-store sales in July advanced by 8%, which has helped shares to gain approximately 6% on Friday.
System wide sales for worldwide restaurants advanced 15.9% in the month, or 9.5% in constant currencies. U.S. same-store sales increased 6.7% as MCD focused on breakfast, chicken, beverages and advertising for the Big Mac.
MCD is a Zacks #2 Rank company with earnings estimates for this year that are up 3.9% in two months. Its sales momentum in July suggests that analysts' earnings expectations could continue to advance.