Global comparable sales rise 5.7% - U.S. comparable sales up 9.7%
McDonald's Corporation (NYSE: MCD) announced today that global comparable sales rose 5.7% in January, on top of a 5.2% increase achieved for January 2005.
McDonald's Chief Executive Officer Jim Skinner commented, "We are delighted with January's global sales performance, particularly the exceptional sales results posted in the U.S. January marks our 33rd consecutive month of positive global comparable sales increases, reflecting the ongoing strength of initiatives designed to enhance our customer relevance.
"In the U.S., our momentum continued with January comparable sales up nearly 10% driven by the underlying strength of our Plan to Win. Our strong breakfast business, popular core and premium menu choices, everyday value, extended hours, gift cards and mild January weather contributed to results.
"In Europe, comparable sales were slightly negative for the month as France and Russia delivered strong sales performance partly offsetting weak sales results in the U.K. and Germany. Both the U.K. and Germany faced difficult comparisons against successful national coupon promotions in January 2005. In Germany, we are committed to our permanent value menu which is designed to drive sustainable growth. The U.K. continues to supplement their value platform with brand building efforts to drive performance in a challenging environment. We continue to focus on building momentum across Europe through enhanced menu variety, compelling value and strong marketing.
"In Asia/Pacific, Middle East and Africa, comparable sales rose 3.3% driven primarily by Australia and China, partly offset by weak results in Japan.
"I am confident that 2006 will be another strong year for McDonald's as we remain firmly focused on our customers and opportunities within the Plan to Win."
Percent Inc/(Dec) Comparable Systemwide Sales
Sales As Constant
Month ended January 31, 2006 2005 Reported Currency
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McDonald's Restaurants* 5.7 5.2 4.2 6.8
Major Segments:
U.S. 9.7 4.1 10.5 10.5
Europe (0.5) 5.4 (6.6) 0.5
APMEA** 3.3 7.1 0.3 5.5
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* Excludes non-McDonald's brands
** Asia/Pacific, Middle East and Africa