Make it your homepage |   E-mail: Subscribe Unsubscribe

Apple Sues Motorola Over Licensing Wireless Patents

This text is replaced by the Flash movie.

Sunday, February 12, 2012
News Making Money

McDonald's October Global Comparable Sales Increase 3.3%

09/11/2009 17:33 (824 Day 14:02 minutes ago)

The FINANCIAL -- McDonald's Corporation announced on November 9 that global comparable sales rose 3.3% in October. Performance by segment was as follows:

ADVERTISEMENT


    --  U.S. relatively flat at (0.1%)
    --  Europe up 6.4%

    --  Asia/Pacific, Middle East and Africa up 4.7%

 

"Our customers are at the heart of everything we do, and McDonald's is delivering what they want," said Chief Executive Officer Jim Skinner. "Our everyday, predictable value, outstanding menu and convenience continue to make us the preferred choice for a growing number of customers."

 

Against a strong prior year performance, U.S. comparable sales were relatively flat in October but continued to outpace the overall quick-service restaurant industry. Customers' ongoing appetite for the Dollar Menu, premium Angus burgers and McCafe espresso-based coffees supported the month's results.

 

In Europe, comparable sales rose 6.4% for the month, driven by positive results in the U.K., France and Germany. Throughout Europe, premium menu options, iconic core products and an expanding line of mid-tier offerings - all at a good value - contributed to October sales.

 

The 4.7% increase in Asia/Pacific, Middle East and Africa's October comparable sales was fueled by Japan and Australia, partly offset by China. Across the segment, core menu, value, convenience and breakfast drove the region's performance.

Systemwide sales rose 10.3%, or 5.2% in constant currencies, for the month.


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, whether operated by
        the Company or by franchisees.  While franchised sales are not recorded
        as revenues by the Company, management believes the information is
        important in understanding the Company's financial performance because
        these sales are the basis on which the Company calculates and records
        franchised revenues and are indicative of the financial health of the
        franchisee base.

 

    --  The number of weekdays and weekend days can impact our reported
        comparable sales.  In October 2009, this calendar shift/trading day
        adjustment consisted of one less Wednesday and one more Saturday
        compared with October 2008.  The resulting adjustment varied by area of
        the world, ranging from approximately +1.0% to +1.7%.  In addition, the
        timing of holidays can also impact comparable sales.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.





TRAVEL BIZ »
PRESS RELEASES »
FINANCIAL »
UKRAINE »
GEORGIA »
WORLD »
BANKS »
BUSINESS »
TECH »
MARKETS »
B SCHOOLS »
SPECIAL REPORTS »

Politics
Israel’s Peres vows cooperation with Greek Cyprus in gas drillingIsraeli

04/11/2011 04:38 (100 Day 03:57 minutes ago)

The FINANCIAL -- President Shimon Peres had talks with Greek Cypriot leader Dimitris Christofias during a key visit to the island on Thursday, discussing gas finds in the eastern Mediterranean, a discovery that has sparked a crisis between Turkey and Greek Cyprus.

 

Read more...
Markets
NASDAQ Welcomes Synacor Inc. to the NASDAQ Global Select Market

11/02/2012 02:54 (1 Day 04:41 minutes ago)

The FINANCIAL -- The NASDAQ OMX Group announced that the trading of Synacor Inc,commenced on the NASDAQ Global Select Market on February 10, 2012.

INSURANCE
Nicolas Burnet appointed Chief Financial Officer of Global Life business

11/02/2012 04:00 (1 Day 03:35 minutes ago)

The FINANCIAL -- Zurich Financial Services Group announces the appointment of Nicolas Burnet to the position of Chief Financial Officer Global Life, with immediate effect.

Read more...






Developed by Aleksandre Chiabrishvili

Design built by Creo Group