McDonald's same-store sales rise 8.2% in March
April 13, 2007
by FoodBusinessNews.net Staff
OAK BROOK, ILL. — Comparable sales for McDonald’s restaurants throughout the world increased 8.2% in March compared with a 5.3% increase during the same month of last year. Global system-wide sales increased 12.7% in March, or 9.4% in constant currencies.
Additionally, comparable sales in the U.S. were up 6.2% for the month and 4.4% for the quarter. The company attributes new products, menu favorites and prices to increased performance.
The European market experienced an 11.2% increase in comparable sales, and there was a 9.6% increase in Asia/Pacific, Middle East and Africa.
Comparable sales reflect restaurants in operation at least 13 months.
"We delivered strong global sales for the first three months of 2007," said Jim Skinner, chief executive officer. "Our ongoing business momentum continues to reflect the benefit of combined initiatives under McDonald’s plan to win. Our top-line results are a testament to the collective strength of our relevant menu, innovative marketing and convenience and value strategies."
First-quarter 2007 earnings are expected to be about 62c per share compared with 49c per share during the same quarter of the previous year.