NEW YORK (MarketWatch) -- McDonald's Corp. said Wednesday its global comparable sales were flat in July, while total systemwide sales fell 3.2% in the month. The Oak Brook, Ill., fast food chain said U.S. same-store sales fell 0.1% in the month while Europe dropped 0.6%. In the U.S., McDonald's said promotional activity did not offset the effects of a sluggish economy. In Europe, McDonald's faced "an increasingly difficult environment." Shares of McDonald's fell 2.3% in premarket trades. In Asia/Pacific, Middle East and Africa, McDonald's said its July same-store sales dropped 1.5%Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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