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- U.S. comparable sales rose 8.3% for the month
- Europe comparable sales up 15.4% for the month
- APMEA comparable sales increased 10.9% for the month
McDonald's Corporation announced today that global comparable sales rose 11.7% for the month and 8.6% for year-to-date February. Systemwide sales for McDonald's worldwide restaurants increased 19.9% in February, or 13.2% in constant currencies. McDonald's February sales results reflect strong performance across each business segment, as well as a benefit of about 4 percentage points from an extra day due to leap year.
"Our focus on our customers around the world continues to deliver results and drive McDonald's global business," said McDonald's Chief Executive Officer Jim Skinner. "Through the Plan to Win, we're committed to providing our customers the menu variety they want, with the convenience and value they expect from McDonald's."
February comparable sales increased 8.3% in the U.S. as McDonald's market- leading breakfast, Premium Roast Coffee and everyday value offerings continue to fuel performance.
In Europe, strong results in the U.K., France, Germany and Russia drove comparable sales up 15.4% for the month. Europe's combination of premium beef and chicken menu selections, balanced with everyday affordability, continues to drive results.
In Asia/Pacific, Middle East and Africa, February comparable sales increased 10.9%. Strong results in Australia, China, Japan and many other markets drove the segment's overall performance as customers continue to enjoy locally relevant and affordable menu choices throughout the day.
Percent Increase Comparable Systemwide Sales
Sales As Constant
Month ended February 29, 2008 2007 Reported Currency
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McDonald's Corporation 11.7 5.7 19.9 13.2
Major Segments:
U.S. 8.3 3.1 9.2 9.2
Europe 15.4 5.9 29.3 17.1
APMEA* 10.9 12.3 25.8 13.7
Year-To-Date February 29,
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McDonald's Corporation 8.6 5.3 16.6 10.0
Major Segments:
U.S. 5.1 3.4 5.9 5.9
Europe 11.7 6.4 25.4 13.4
APMEA* 9.3 8.0 23.3 12.0
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* Asia/Pacific, Middle East and Africa
Definitions
-- Comparable sales represent sales at all restaurants in operation at
least thirteen months including those temporarily closed, excluding the
impact of currency translation. Some of the reasons restaurants may be
temporarily closed include road construction, reimaging or remodeling,
rebuilding and natural disasters. Management reviews the increase or
decrease in comparable sales compared with the same period in the prior
year to assess business trends.
-- Information in constant currency is calculated by translating current
year results at prior year average exchange rates.
-- Systemwide sales include sales at all restaurants, including those
operated by the Company, franchisees and affiliates. Management
believes Systemwide sales information is useful in analyzing the
Company's revenues because franchisees and affiliates pay rent and/or
royalties that generally are based on a percent of sales with specified
minimum rent payments.
-- The number of weekdays, weekend days and timing of holidays can impact
our reported comparable sales. In February 2008, this calendar
shift/trading day adjustment consisted of one additional trading day (a
Friday) compared with February 2007 due to 2008 being a leap year. The
resulting adjustment varied around the world, ranging from
approximately +3.5% to +4.2%.
McDonald's is the leading global foodservice retailer with more than 30,000 local restaurants in more than 100 countries. More than 75% of McDonald's restaurants worldwide are owned and operated by franchisees and affiliates.
Visit http://www.investor.mcdonalds.com to learn more about the Company.