McDonald’s (MCD, $59.20, up $2.25) is trading up 4% today after reporting world-wide sales for May were up nearly 8% at established restaurants. Overseas sales have really been the company’s bread-and-butter growth driver as they have been well ahead of domestic sales for some time at McDonald’s. The company’s new chicken sandwhich and its low-priced $1 menu items have been helping McDonald’s lure cash strapped customers in.
The company topped Wall Streets’ targets in all markets with a 9.6% increase in Europe and 9.7% in the Asia/Pacific, Middle East and Africa division. After the news some analysts raised their 2Q earnings forecast by $0.02-$0.06 to $0.84-$0.86 per share.
The June 60 calls (MCDFL, $0.70, up $0.50) are up 250% on the news.