7% Sales Growth for McDonald's
August 9/Oak Brook, Ill./PRNewswire-FirstCall -- McDonald's Corporation announced global comparable sales growth of 7.0% in July. Performance by segment was as follows:
* U.S. up 5.7%
* Europe up 5.3%
* Asia/Pacific, Middle East and Africa up 10.1%
"Our customers are at the heart of everything we do, and our strong July sales performance reflects our commitment to them," said McDonald's chief executive officer Jim Skinner. "We're listening to our customers and offering the right combination of high-quality food and beverage choices, convenient locations with extended hours, and outstanding value across the entire menu."
U.S. business momentum continued with July comparable sales increasing 5.7%. Top contributors to July's results were beverages, including the recently launched McCafe Real Fruit Smoothies and Frappes along with value-based drinks. Core products and McDonald's all-day, everyday value menus were also key drivers for the month.
In Europe, July comparable sales increased 5.3%, led by France, the U.K. and Germany. Europe's unique premium menu offerings, compelling value and the ongoing modernization of Europe's restaurants are enhancing the McDonald's experience and contributing to the sales growth, noted a company press release.
July comparable sales increased 10.1% in Asia/Pacific, Middle East and Africa (APMEA) due to strong sales growth in Japan, Australia, China and most other countries.
Systemwide sales increased 6.8%, or 8.3%. in constant currencies for the month.
From the August 10, 2010, Prepared Foods' Daily News
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