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McDonald's November Global Comparable Sales Rise 4.8%

20.12.2010 11:04
McDonald's Corporation (NYSE: MCD) today announced global comparable sales growth of 4.8%in November. Performance by segment was as follows:
  • U.S. up 4.9%
  • Europe up 4.9%
  • Asia/Pacific, Middle East and Africa up 2.4%

"McDonald's continued strong performance reflects the benefits of our global alignment around the Plan to Win," said McDonald's Chief Executive Officer Jim 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.

In Europe, November comparable sales rose 4.9% due to strong performance in France, Germany,Russia and the U.K. Europe's focus on premium products such as the McWraps in Germany, four-tiered menu pricing and ongoing restaurant modernization contributed to these results.

Comparable sales in Asia/Pacific, Middle East and Africa rose 2.4% for the month driven by Australia with positive results in China and most other markets, partly offset by Japan. 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 $0.02 per share.

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