McDonald's same-store sales rise 8.4% in June
July 16, 2007
by FoodBusinessNews.net Staff
OAK BROOK, ILL. — Comparable sales for McDonald’s Corp. restaurants throughout the world increased 8.4% in June compared with 5.9% during the same month of last year. Global system-wide sales increased 12.5% in June, or 9.7% in constant currencies.
Comparable sales in June for U.S. restaurants were up 4.2% from a year ago, which the company attributed to the breakfast business and the value and variety of the menu offerings.
There also was an 11.1% increase in comparable sales in Europe, and a 12.1% increase in Asia/Pacific, Middle East and Africa.
Comparable sales represent sales at all McDonald’s restaurants in operation for at least 13 months.
Global comparable sales for the quarter ended June 30 increased 7.4% compared with 5.5% during the same quarter of the previous year. Comparable sales for the U.S. during the quarter were up 5% along with a 7.8% increase in Europe and 10.9% increase in Asia/Pacific, Middle East and Africa.
Systemwide global sales increased 11.4% for the quarter, or 8.6% in constant currencies.
"These strong results — our best quarterly comparable sales growth in three years — reflect our ongoing momentum and commitment to customers," said Jim Skinner, chief executive officer. "To intensify this customer focus and continue to drive long-term results, we’re maximizing our asset base and ownership structure through actions such as the previously announced developmental license transaction in Latin America."