Reuters | McDonald’s Corp reported a stronger-than-expected 4.8
percent rise in worldwide May sales at established restaurants and said
it expects foreign currency translation to hurt full-year profit. Sales
at McDonald’s restaurants open at least 13 months were up 3.4 percent
in the United States, 5.7 percent in Europe and 3.8 percent in the
Asia/Pacific, Middle East and Africa region.

As of Monday afternoon, analysts’ average estimates called for a 4 percent overall rise in same-store sales, fueled by a 4.3 percent gain in the United States, a 3.4 percent rise in Europe and a 3.1 percent increase in APMEA.

McDonald’s gets more than half of its revenue and profits outside the United States. Europe is the biggest contributor to revenue, followed by the United States and APMEA.

Based on present currency rates — particularly the euro, the currency of about a quarter of its consolidated operating income — McDonald’s expects currency conversion to hurt full-year net income per share. However, it said conversion is expected to have minimal to no impact on second-quarter profit.