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UPDATE 1-McDonald's quarterly U.S. comp sales beat estimates

UPDATE 1-McDonald's quarterly U.S. comp sales beat estimates
From Reuters - October 24, 2017

(Reuters) - McDonalds Corp (MCD.N) reported a bigger-than-expected increase in quarterly U.S. comparable sales on Tuesday as offers such as $1 beverages and its McPick 2 for $5 promotion helped attract more diners.

Sales at U.S. restaurants open at least 13 months rose 4.1 percent, above the 3.4 percent growth expected on average by analysts polled by research firm Consensus Metrix.

McDonalds has been working to reverse a decline in traffic at its U.S. restaurants, where it gets most of its profit, with new menu items such as fresh beef Quarter Pounders, premium customizable sandwiches such as the Signature Sriracha sandwich, as well as mobile ordering and delivery.

Aggressive value promotions in the United States including soft drinks of all sizes for $1, McCafe beverages such as smoothies and espresso drinks for $2, and the McPick 2 offer, which lets customers buy two menu items for $5, also boosted sales.

Global comparable sales for the worlds biggest fast-food chain by revenue rose 6 percent, above the 4.5 percent increase expected by analysts.

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