McDonald’s beats sales forecast on new deals, store revamp

McDonald’s Corp beat quarterly sales expectations at established US restaurants on Friday, as the world’s largest burger chain attracted more diners with upgraded stores and new promotions, such as the 2 for $5 Mix and Match deal.

The company’s stock, a component of the blue-chip Dow Jones Industrial index, rose as much as 2 percent to a record high of $218.96, the third major restaurant chain to hit a peak this week.

McDonald’s is the latest restaurant chain to report solid growth, driven by new menu additions, expanded delivery services and tech-enhanced stores, and follows strong US sales numbers from Chipotle Mexican Grill Inc and Starbucks Corp.