McDonald's Delivers Another Month of Strong Global Comparable Sales - November Up 7.7%
McDonald's November comparable sales increases by segment were as follows:
- U.S. up 4.5%
- Europe up 7.8%
- Asia/Pacific, Middle East and Africa up 13.2%
PRNewswire-FirstCall
OAK BROOK, Ill.
Dec 8, 2008
McDonald's Corporation (NYSE: MCD)announced today that global comparable sales increased 7.7% in November. Systemwide sales for McDonald's worldwide restaurants were up 1.9% for the month, or 9.6% in constant currencies.
"McDonald's continued strong performance reflects the benefits of our multidimensional approach," said McDonald's Chief Executive Officer, Jim Skinner. "Convenient locations, extended hours and quality food at an outstanding value are all reasons why people are choosing McDonald's."
U.S. comparable sales increased 4.5% in November due to the strength of McDonald's market-leading breakfast business, the popularity of the chicken line-up as well as everyday value throughout the menu.
In Europe, November comparable sales rose 7.8% led by France, the U.K. and Russia. Locally relevant premium products and compelling value fueled the segment's results.
November comparable sales increased 13.2% in Asia/Pacific, Middle East and Africa due to strong sales growth in Japan, Australia and most other countries. Extended hours, breakfast and menu variety continue to deliver results.
Percent Increase Comparable Systemwide Sales
Sales As Constant
Month ended November 30, 2008 2007 Reported Currency
--------------------------------------------------------------------
McDonald's Corporation 7.7 8.2 1.9 9.6
Major Segments:
U.S. 4.5 4.4 5.5 5.5
Europe 7.8 10.8 (7.2) 9.9
APMEA* 13.2 12.0 13.4 17.1
Year-To-Date November 30,
--------------------------------------------------------------------
McDonald's Corporation 7.1 7.0 12.2 8.6
Major Segments:
U.S. 3.9 4.9 4.8 4.8
Europe 8.8 7.6 17.1 10.6
APMEA* 9.3 10.4 19.9 12.2
--------------------------------------------------------------------
* Asia/Pacific, Middle East and Africa
Definitions
-- Comparable sales represent sales at all restaurants in operation at
least thirteen months including those temporarily closed, excluding the
impact of currency translation. Some of the reasons restaurants may be
temporarily closed include reimaging or remodeling, rebuilding, road
construction and natural disasters. Management reviews the increase or
decrease in comparable sales compared with the same period in the prior
year to assess business trends.
-- Constant currency results exclude the effects of currency translation
and are calculated by translating current year results at prior year
average exchange rates.
-- Systemwide sales include sales at all restaurants, including those
operated by the Company, franchisees and affiliates. Management
believes Systemwide sales information is useful in analyzing the
Company's revenues because franchisees and affiliates pay rent and/or
royalties that generally are based on a percent of sales with specified
minimum rent payments.
-- The number of weekdays, weekend days and timing of holidays can impact
our reported comparable sales. In November 2008, this calendar
shift/trading day adjustment consisted of one less Thursday and Friday,
and one more Saturday and Sunday compared with November 2007. The
resulting adjustment varied by area of the world, ranging from
approximately 0.0% to +2.8%.
Upcoming Communications
McDonald's tentatively plans to release fourth quarter results before the market opens on January 26, 2009 and will host an investor webcast. This webcast will be broadcast live and available for replay for a limited time thereafter on http://www.investor.mcdonalds.com/.
McDonald's is the leading global foodservice retailer with more than 31,000 local restaurants in more than 100 countries. More than 75% of McDonald's restaurants worldwide are owned and operated by franchisees and affiliates. Please visit our website at http://www.mcdonalds.com/ to learn more about the Company.
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.
First Call Analyst:
FCMN Contact: katie.hayes@us.mcd.com
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
SOURCE: McDonald's Corporation
CONTACT: Investors, Mary Kay Shaw, +1-630-623-7559, or Media, Heidi
Barker, +1-630-623-3791, both of McDonald's Corporation
Web site: http://www.mcdonalds.com/