updated 9/9/2009 9:16:22 AM ET 2009-09-09T13:16:22

McDonald's Corp., the world's largest fast-food chain, said Wednesday sales in established restaurants rose 2.2 percent globally in August, the smallest monthly gain in more than a year.

Customers have flocked to McDonald's low-priced fare amid the recession. But a decline in Asia and weaker growth in the U.S. offset some strength in Europe.

Shares of Oak Brook, Ill.-based McDonald's Corp. fell $1.07 to $55.15 in premarket trading.

The world's largest fast-food chain said sales at restaurants open at least 13 months, a key measurement that adjusts for the effects of expansion, rose 1.7 percent in the U.S. and 3.5 percent in Europe. In the Asia Pacific, Middle East and Africa regions, the figure fell 0.5 percent.

In the U.S., Angus Third Pounders and McCafe espresso-based coffees were strong sellers, the company said.

Total sales rose 1.1 percent, including a 2.6 percent gain in the U.S., a 3 percent drop in Europe and a 6.1 percent rise in Asia Pacific, the Middle East and Africa.

Year-to-date, sales at restaurants open at least 13 months rose 4.2 percent while total sales fell nearly 1 percent.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com