McDonald's Cites Sales Rise In August - Cleveland 19 News Cleveland, OH

McDonald's Cites Sales Rise In August

NEW YORK (AP) - McDonald's appears to be faring relatively well, despite the struggling economy.

The nation's leading fast-food chain says global sales at stores open at least a year rose 8.5 percent in August. Growth was fueled by a jump in sales overseas.

McDonald's says U.S. same-store sales rose 4.5 percent.

Most restaurant chains are seeing slower sales as consumers contend with high gas prices, tight credit and the weak housing market. McDonald's - with its dollar menu and fast service - has fared better than most, but the chain has said it is not completely immune to the effects of the economic slowdown.

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