McDonald's Corporation (NYSE: MCD) today announced global comparable sales growth of 4.8%in November. Performance by segment was as follows:
"McDonald's continued strong performance reflects the benefits of our global alignment around the Plan to Win,"said McDonald's Chief Executive OfficerJim Skinner. "Contemporary locations, quality food and beverages at an outstanding value and operations excellence continue to be the key ingredients to becoming our customers' favorite place and way to eat and drink."
In the U.S., comparable sales increased 4.9% for November fueled by McDonald's iconic McRib sandwich, continued strong demand for McCafe beverages and everyday value throughout the menu.
InEurope, November comparable sales rose 4.9% due to strong performance inFrance,Germany,Russiaand the U.K.Europe's focus on premium products such as the McWraps inGermany, four-tiered menu pricing and ongoing restaurant modernization contributed to these results.
Comparable sales inAsia/Pacific,Middle EastandAfricarose 2.4% for the month driven byAustraliawith positive results inChinaand most other markets, partly offset byJapan. APMEA's results benefitted from initiatives that are differentiating the McDonald's experience: compelling value, conveniences such as delivery and drive-thru, and restaurant reimaging.
Systemwide sales increased 4.7%, or 6.1% in constant currencies, for the month. Separately, foreign currencies have weakened. At current rates, currency translation is expected to negatively impact fourth quarter earnings by$0.01 to $0.02per share.
Percent Increase/(Decrease) Comparable Systemwide Sales Sales As Constant Month ended November 30, 2010 2009 Reported Currency --------------------------------------------------------------------- McDonald's Corporation 4.8 0.7 4.7 6.1 Major Segments: U.S. 4.9 (0.6) 5.6 5.6 Europe 4.9 2.5 0.0 7.4 APMEA* 2.4 (1.0) 9.2 2.8 --------------------------------------------------------------------- Year-To-Date November 30, --------------------------------------------------------------------- McDonald's Corporation 5.2 3.9 7.2 6.6 Major Segments: U.S. 3.9 2.8 4.5 4.5 Europe 4.9 5.2 4.1 7.2 APMEA* 5.7 3.6 15.2 7.2 --------------------------------------------------------------------- * Asia/Pacific, Middle East and Africa
