McDonald's Global Comparable Sales Decrease 1.8% in October
McDonald's Global Comparable Sales Decrease 1.8% in October
McDonald's Corporation today announced that global comparable sales decreased 1.8% in October. Performance by segment was as follows:
In October, U.S. comparable sales decreased 2.2%. Modest consumer demand and heightened competitive activity offset the impact of local Dollar Menu advertising, the Monopoly promotion, and the recent launch of the Cheddar Bacon Onion premium sandwiches. Moving forward, the U.S. remains focused on enhancing its value leadership position by balancing strong everyday value messaging with affordable premium menu options.
In Europe, comparable sales declined 2.2% as positive results in the U.K. were offset by declines across many markets. Amid the segment's ongoing economic uncertainty, Europe is reinvigorating its value offerings through increased advertising and new meal combinations at various price tiers, featuring core and premium menu items, and enhancing the restaurant experience to attract more customers.
In Asia/Pacific, Middle East and Africa (APMEA), October's comparable sales declined 2.4% with negative results in Japan, Australia and other markets, including China. Looking ahead, APMEA seeks to further differentiate the McDonald's experience through unique daypart value platforms, locally-relevant menu choices and unmatched customer conveniences.
Systemwide sales for the month decreased 0.8% and increased 0.6% in constant currencies.
- U.S. down 2.2%
- Europe down 2.2%
- Asia/Pacific, Middle East and Africa down 2.4%
In October, U.S. comparable sales decreased 2.2%. Modest consumer demand and heightened competitive activity offset the impact of local Dollar Menu advertising, the Monopoly promotion, and the recent launch of the Cheddar Bacon Onion premium sandwiches. Moving forward, the U.S. remains focused on enhancing its value leadership position by balancing strong everyday value messaging with affordable premium menu options.
In Europe, comparable sales declined 2.2% as positive results in the U.K. were offset by declines across many markets. Amid the segment's ongoing economic uncertainty, Europe is reinvigorating its value offerings through increased advertising and new meal combinations at various price tiers, featuring core and premium menu items, and enhancing the restaurant experience to attract more customers.
In Asia/Pacific, Middle East and Africa (APMEA), October's comparable sales declined 2.4% with negative results in Japan, Australia and other markets, including China. Looking ahead, APMEA seeks to further differentiate the McDonald's experience through unique daypart value platforms, locally-relevant menu choices and unmatched customer conveniences.
Systemwide sales for the month decreased 0.8% and increased 0.6% in constant currencies.
Percent Increase/(Decrease) | Comparable | Systemwide Sales | ||
Sales | As | Constant | ||
Month ended October 31, | 2012 | 2011 | Reported | Currency |
McDonald's Corporation | (1.8) | 5.5 | (0.8) | 0.6 |
Major Segments: | ||||
U.S. | (2.2) | 5.2 | (1.4) | (1.4) |
Europe | (2.2) | 4.8 | (3.0) | 0.5 |
APMEA* | (2.4) | 6.1 | 1.6 | 2.1 |
Year-To-Date October 31, | ||||
McDonald's Corporation | 3.5 | 5.0 | 2.7 | 5.8 |
Major Segments: | ||||
U.S. | 3.7 | 4.1 | 4.5 | 4.5 |
Europe | 2.9 | 5.4 | (2.2) | 5.7 |
APMEA* | 2.0 | 4.1 | 6.0 | 6.4 |
* Asia/Pacific, Middle East and Africa |
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