McDonald’s Corp.’s (MCD.N: Quote, Profile, Research increase in May sales at U.S. restaurants open at least 13 months may easily exceed Wall Street expectations, according to a survey of 23 franchisees published on Thursday.
In a research note, restaurant stock analyst Mark Kalinowski said a survey of franchisees representing about 154 McDonald’s restaurants showed that U.S. same-store sales were up 8.3 percent in May. That is well above the average analyst estimate of 4.8 percent, Kalinowski said.
McDonald’s, which has more than 13,000 restaurants in the United States, is set to report May same-store sales on Friday. A company spokesman would not comment on Kalinowski’s survey or analysts’ expectations.
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