McDonald's sales top estimates after Europe outperforms U.S.

McDonald’s Corp. (NYSE: MCD) reported May sales figures slightly above analyst expectations thanks to growth in the European market.

Global sales fell 0.3 percent overall for the month, beating a predicted 0.9 percent drop, according to Bloomberg Business. The worldwide figure was buoyed by sales at European McDonald’s locations, which rose 2.3 percent during the same time period and beat 0.6 percent gain projections.

May sales fell 2.2 percent in the U.S. and 3.2 percent in the fast-food chain’s Asia, Africa and Middle East region.

McDonald’s announced in May it would stop providing monthly sales data following two final reports – its June numbers and the second quarter’s earning report due in July.

The company’s shares rose 0.6 percent to $96.14 a share at the market’s open Monday. McDonald’s stock gained approximately 2 percent in 2015 through the end of last week.

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