Global comparable sales up 5.9% in September, 6.9% in the quarter
- Third quarter 2007 earnings per share is expected to be $0.89. This includes $0.83 per share from continuing operations -- a 22% increase compared with the prior year - and an after-tax gain of $0.06 per share from the sale of Boston Market
- Global comparable sales up 5.9% in September, 6.9% in the quarter
- U.S. comparable sales up 3.5% in September, 5.1% in the quarter
- Europe comparable sales up 5.7% in September, 6.5% in the quarter
- Asia/Pacific, Middle East and Africa comparable sales up 12.0% in September, 11.4% in the quarter
McDonald's Corporation announced today that global comparable sales rose 5.9% in September and 6.9% in the third quarter 2007. Systemwide sales for McDonald's restaurants worldwide increased 11.5% for the month (7.2% in constant currencies) and 11.8% for the quarter (8.1% in constant currencies).
McDonald's Chief Executive Officer Jim Skinner said, "These strong results reflect just how well McDonald's continues to appeal to customers around the world. Initiatives surrounding value, menu choice and compelling marketing are strengthening our brand's relevance and driving ongoing global sales momentum."
Value, breakfast and beverage strategies drove the U.S. comparable sales growth of 3.5% in September.
Momentum continued in Europe with comparable sales up 5.7% in September. Nearly all markets in Europe, led by France, the U.K. and Russia, posted a strong performance.
Robust sales growth in Japan, Australia, China and most other markets in Asia/Pacific, Middle East and Africa drove comparable sales up 12.0% in September, and to a 10-year record high of 11.4% for the quarter.
Percent Increase Comparable Systemwide Sales
Sales As Constant
Month ended September 30, 2007 2006 Reported Currency
--------------------------------------------------------------------
McDonald's Restaurants* 5.9 7.7 11.5 7.2
Major Segments:
U.S. 3.5 7.1 4.3 4.3
Europe 5.7 9.0 16.3 6.9
APMEA** 12.0 6.6 20.4 14.7
Quarter ended September 30,
--------------------------------------------------------------------
McDonald's Restaurants* 6.9 5.8 11.8 8.1
Major Segments:
U.S. 5.1 4.1 5.9 5.9
Europe 6.5 7.6 15.9 7.5
APMEA** 11.4 6.1 18.4 14.3
Year-To-Date September 30,
--------------------------------------------------------------------
McDonald's Restaurants* 6.9 5.5 11.2 8.1
Major Segments:
U.S. 4.9 4.9 5.7 5.7
Europe 7.4 5.3 17.1 8.4
APMEA** 10.3 5.8 15.4 13.1
--------------------------------------------------------------------
* Excludes non-McDonald's brands
** Asia/Pacific, Middle East and Africa