McDonald’s Corp. said Tuesday that sales at stores open at least 13 months rose 3.7 percent in August, driven by growth in China and Australia.
Analysts projected an increase of 3.9 percent, the average of 17 estimates compiled by Consensus Metrix. Sales in the company’s Asia Pacific, Africa and Middle East region climbed 5.7 percent last month, McDonald’s said in a statement. Analysts estimated a gain of about 4 percent for stores there. McDonald’s, which gets about 22 percent of its revenue from the Asia Pacific, Africa and the Middle East unit, plans to open as many as 250 stores in China this year.
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