Comps for the square-burger concern increased 3.9% for U.S. company sales, compared with an increase of 2.3% in June; last year at this time, sales actually contracted 2.1%. Wendy's Tim Hortons unit saw comps increase in the double digits in the U.S., at 11%, a great jump for the seller of coffee and baked products.
Here's the big news to me out of this release, a point that was made in a recent Fool article: credit/debit card usage tends to increase the typical transaction cost by 35%. As time goes on, I honestly believe that the use of cashless protocols to acquire quick meals will lead to enhanced shareholder returns for investors in companies such as McDonald's
But hold on a second; this is the Motley Fool, right? We don't necessarily want to use credit to pay for stuff. Debit's not so bad, but I'll tell you what can't come soon enough for me: the day when stored-value cards reach a critical mass at these concerns.
Like the notable Starbucks
Want more burger news? Let me serve some up for you:
- How healthy is CKE Restaurants'
- Did McDonald's turn a profit this latest quarter?
- Is there a clear winner in the burger wars?
Fool contributor Steven Mallas owns none of the companies mentioned.
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