| McDonald's October Global Comparable Sales Increase 3.3% |
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09/11/2009 17:33 (824 Day 14:02 minutes ago) | |||||
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The FINANCIAL -- McDonald's Corporation announced on November 9 that global comparable sales rose 3.3% in October. Performance by segment was as follows:
-- 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.
-- Comparable sales represent sales at all restaurants in operation at
-- The number of weekdays and weekend days can impact our reported
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