McDonald's Global Comparable Sales Rise in February 2011

McDonald's Corporation (NYSE: MCD) today announced global comparable sales growth of 3.9% in February. Performance by segment was as follows:
 

• U.S. up 2.7%


• Europe up 5.1%


• Asia Pacific, Middle East and Africa up 4.0%

Jim Skinner, McDonald's Chief Executive Officer:
 

“McDonald's commitment to connecting with customers around the world continues to drive our sales performance.”

“When customers visit McDonald's they are looking for great-tasting food that is affordable, convenient and served in a contemporary and inviting atmosphere. We are pleased that more customers are finding their great restaurant experience at McDonald's.”

In the U.S., comparable sales increased 2.7% for February driven by continued strong demand for McCafe beverages, McDonald's popular breakfast, featuring the new Fruit &Maple Oatmeal, and everyday value throughout the menu. McDonald's U.S. remains committed to its long-term strategy of attracting customers by enhancing the restaurant experience, expanding McCafe options to become a beverage destination, and leveraging core products like Chicken McNuggets and the burger line-up.

In Europe , comparable sales rose 5.1% in February led by France, the U.K. and Russia. Unique premium menu offerings, including France's new premium beef campaign and the Big Tasty featured in the U.K., ongoing restaurant modernization and enhanced customer conveniences contributed to the month's results.

February comparable sales increased 4.0% in Asia/Pacific, Middle East and Africa fueled by sales growth in Japan and Australia, partly offset by China due to the timing of Chinese New Year. Across the segment, compelling menu initiatives, including limited-time offers such as the Big America 2 promotion in Japan and the Value Lunch program in Australia, are resonating with customers and differentiating the McDonald's experience.

Systemwide sales for the month increased 8.1%, or 5.2% in constant currencies.

McDonald's effective tax rate for the first quarter is expected to be 27% to 29%, reflecting a deferred tax benefit related to certain foreign operations. The Company continues to expect the full year effective tax rate to be 30% to 32%.