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DES MOINES, Iowa (AP) - McDonald's Corp. said Thursday rising gasoline prices in the United States had only a minor effect on its sales this summer.
"We looked at our highway restaurants and saw limited movement" in lost traffic, North American President Ralph Alvarez told analysts at the company's biennial briefing.
While higher fuel costs resulted in significant sales losses 10 to 15 years ago, "we are more of a necessity today than an optional meal," he said.
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