McDonald’s Global Comparable Sales Increase 3.7% in August
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McDonald’s Global Comparable Sales Increase 3.7% in August |
[11-September-2012] |
OAK BROOK, Ill., Sept. 11, 2012 /PRNewswire/ — McDonald's Corporation today announced that global comparable sales increased 3.7% in August. Performance by segment was as follows:
"McDonald's ability to connect with our customers and deliver what they want – great food at a good value – remains the cornerstone of our long-term success," said McDonald's Chief Executive Officer Don Thompson. "I am confident that our three global priorities – optimizing the menu, modernizing the restaurant experience and broadening accessibility to our brand – position us for future growth as we navigate the persistent challenges of today's environment." In August, U.S. comparable sales increased 3.0%. The popularity of McDonald's great-tasting and convenient breakfast along with all-day everyday value contributed to the month's results. Europe delivered a 3.1% increase in comparable sales for August as positive results in the U.K., France and Russia were slightly offset by performance in Germany and certain markets in Southern Europe. Premium food events complemented by unique value offerings and promotions highlighting McDonald's Olympic sponsorship benefited the segment's performance. In Asia/Pacific, Middle East and Africa (APMEA), comparable sales increased 5.7% for August. Strong results in Australia and China along with the positive impact from the shift in the timing of Ramadan were partially offset by ongoing weakness in Japan. Everyday value platforms, locally-relevant menu choices and compelling conveniences contributed to APMEA's August results. Systemwide sales for the month increased 1.2%, or 6.2% in constant currencies.
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Upcoming Communications McDonald's tentatively plans to release third quarter results before the market opens on October 19, 2012 and will host an investor webcast. This webcast will be broadcast live and available for replay for a limited time thereafter at www.investor.mcdonalds.com. McDonald's is the world's leading global foodservice retailer with more than 33,500 locations serving approximately 69 million customers in 119 countries each day. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local men and women. Forward-Looking Statements This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The factors that could cause actual results to differ materially from our expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K. SOURCE McDonald’s Corporation |
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Company Codes: NYSE:MCD |