McDonald’s July Sales Climb on Popular Beverages

McDonalds (NYSE:MCD) reported on Monday July sales growth of 5.1% at stores open more than a year as new menu and beverage items coupled with efforts to revamp existing restaurants started to pay off.

The worlds biggest burger chain, which has been modernizing global facilities and updating menu items, said sales at its more established stores grew 4.4% in the U.S., 5.3% in Europe and 4% in Asia, Africa and the Middle East.

"We're creating a unique McDonald's experience that is welcoming our customers into modern restaurants with convenient hours and locations and offering more choice in food and drink options than ever before," said the companys chief executive, Jim Skinner.

Results for the four-week period were driven in the U.S. by its line-up of McCafe beverages and the recently introduced Mango Pineapple Smoothie, as well as core products such as Chicken McNuggets and breakfast.

Sales abroad were driven by widening demand in the U.K., Russia, Germany for premium beef and chicken products. While sales continued to expand in China, they remained suppressed in Japan.